Orbital Corporation Secures US$2.6 Million AATI Support Contract
Orbital Corporation secured its first Power by the Hour agreement with American Aerospace Technologies Inc. to support propulsion for US-operating UAVs. The contract is worth US$2.6 million (A$3.7 million) through 31 December 2027.
Orbital Corporation ASX:OEC has entered into its first Power by the Hour (PBH) agreement with American Aerospace Technologies Inc (AATI). The contract is worth US$2.6 million (A$3.7m) through 31 December 2027 and provides propulsion support for unmanned aerial vehicles (UAVs) operating in the US, creating a source of recurring revenue.