BUZZ-Australia's AML3D gains to near 1-month high on component delivery for US Navy

Reuters

01-06

BUZZ-Australia's AML3D gains to near 1-month high on component delivery for US Navy

** Shares of Australia's AML3D AL3.AX rise as much as 10.3% to A$0.215, their highest levels since Dec 9, 2024

** The technology-focussed company announces the delivery of a copper-nickel component order for the U.S. Navy's nuclear submarine programme

** Prototype components valued at A$156,000 ($97,032) to undergo testing before installation onboard a nuclear-powered Virginia-Class submarine in 2025

** AML3D stock gained 96.3% in 2024

($1 = 1.6077 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))

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