ASX defence stock jumps 14% on US military news

ASX defence stock jumps 14% on US military news

AML3D Ltd (ASX: AL3) shares are having a strong finish to the week. In morning trade on Friday, the ASX defence stock is up 14% to 16 cents. Why is this ASX defence stock rising? Investors have been buying AML3D shares after the company announced that its first two custom ARCEMY systems are now operational at Newport News Shipbuilding. Newport News Shipbuilding is a division of HII, which AML3D describes as the largest military shipbuilder in th…

AML3D (ASX:AL3) locks A$9.9m Newport News follow-on after first ARCEMY commissioning

Six-system NNS fleet turns the AUKUS submarine pipeline from policy talk into recurring industrial revenue AML3D (ASX:AL3) has commissioned its first two custom ARCEMY X systems at Newport News Shipbuilding, the division of HII that builds America’s nuclear-powered aircraft carriers and submarines. The completion closes out the initial A$4.5 million order and triggers a final payment of around A$892,000. Newport News has also placed a second ord…

First ARCEMY® Systems Operational at Largest U.S. Military Shipbuilder | AML3D (ASX:AL3)

First ARCEMY® Systems Operational at Largest U.S. Military Shipbuilder. Highlights AML3D completes an initial ~$4.5 million order for two custom, large scale, ARCEMY® X systems for Newport News Shipbuilding (“NNS”). NNS is a division of HII, the largest military ship builder in the USA. A second ~$9.9 million NNS order for four additional custom, large scale, ARCEMY® X systems is also tracking for on time delivery in early 2027 AML3D Li…