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Australia's AML3D gains on bagging $1.5 million US Navy order

By Reuters News

** Shares of Australia's AML3D AL3.AX advance as much as 14.3% to A$0.120, their biggest intraday pct gain since August 25

** Shares hit their highest level since October 13

** Tech firm receives an ~A$2.2 million ($1.54 million) order for its ARCEMY X industrial metal 3D printer from US Navy contractor Northrop Grumman Marine Systems

** Co says order will support US Navy submarine industrial base manufacturing, with installation expected in Q4 FY2027

** Adds terms for order include a 50% payment upon completion of initial project milestone, with subsequent milestone payments through final installation

** More than 2 million shares change hands, nearly 2x the 30-day average

** YTD, stock down 31.4%


($1 = 1.4241 Australian dollars)

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