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Orbital Corporation Limited (ASX:OEC)

ALERT: Price-sensitive ASX Announcement for OEC
Current share price for OEC : $0.150 0.005 (3.45%)+
Announcement
Release
29 Jul 2026 10:41AM
Price at Release
$0.145
Full Release
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Summary
Orbital Corporation Limited has secured an order from MightyFly, a US-based autonomous cargo aircraft developer, for three HFE propulsion systems. This order signifies Orbital's expansion into the growing autonomous middle-mile logistics market. The engines are set to assist in MightyFly's aircraft development and flight testing, expected to lead to future production opportunities. Orbital's CEO, Stephen Pearce, highlighted the significance of this partnership, which aligns with their strategy to build a diverse commercial customer base. Engine deliveries are planned for September 2026.
Key Points
  • Orbital Corporation Limited received an order from US company MightyFly for three HFE propulsion systems.
  • MightyFly is developing autonomous hybrid eVTOL cargo aircraft for middle-mile logistics.
  • The engines will support MightyFly's aircraft development and flight testing.
  • This order expands Orbital's exposure to the autonomous cargo aircraft market.
  • Orbital's CEO, Stephen Pearce, emphasized the potential for a broader commercial relationship with MightyFly.
  • The order validates Orbital's propulsion systems for next-generation autonomous aircraft.
  • Engine deliveries are scheduled for September 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.