The Gilmour Space Technologies-operated spaceport in north Queensland has gained approval as an orbital launch facility, Gilmour announced on Tuesday morning. The Bowen Orbital Spaceport is the first granted its licence by federal industry minister Ed Husic under the Space (Launches & Returns) Act 2018, the company said. Rocket manufacturer and launch services provider Gilmour…
Unmanned aerial vehicle engine manufacturer Orbital UAV is to raise $4 million via a placement to a new major investor associated with Coogee Chemicals and existing institutional backers. The raising, at 0.14 cents which is a 16.7 premium on today’s market price, has attracted as new shareholder the Executive Director of Perth manufacturer Coogee Chemicals,…
Unmanned aerial vehicle engine manufacturer Orbital UAV has boosted sales revenue in FY23 in a year where it is engineering a move from a former dependence on one customer – drone manufacturer Boeing subsidiary Insitu. The Perth company revealed revenue from drone engine sales of $17.2 million in FY23, up from $15.7 million in the…
Drone engine manufacturer Orbital Corporation has secured a new customer for its engine development and manufacturing services. The Perth company said it had signed a contract worth $1.1 million for the supply of heavy fuel engine systems, spare parts and in service technical support with a new customer, which Orbital described as a ‘defence agency…
Drone engine maker Orbital Corporation has announced the signing of a development contract with defence technology company Anduril Industries. In a short ASX announcement on Thursday morning, Perth-based Orbital said an initial contract worth approximately $3 million would lead to prototypes delivered for ground testing by January next year. The two companies had announced an…
Drone engine manufacturer Orbital Corporation has inked a continuation contract with a Singapore customer for the design and development of a new engine for an unmanned aerial vehicle (UAV). The contract will take an existing design, development, verification and validation contract through to its completion. Orbital CEO Todd Adler said the contract was another positive…
Unmanned aerial vehicle (UAV) engine manufacturer Orbital Corporation has announced a revenue boost from efforts to broaden its customer base. Orbital reported today first half revenue of $14.1 million, up from $11.2 million in the previous corresponding period. The Perth company, once focused a single customer, Boeing’s In situ division, is now building engines or…
Perth drone engine manufacturer Orbital UAV is to explore potential advanced propulsion systems for aerial logistics company Animal Dynamics’ Stork-STM uncrewed aircraft system. The system would be used on the Stork-STM (pictured), a heavy-lift parafoil craft designed to carry heavy loads of up to 135kgs over distances of up to 400km. Importantly, the MoU between…
Perth drone engine manufacturer Orbital Corporation has announced a new customer, with US defence technology company AeroVironment ordering one of the company’s newest heavy fuel engines for assessment. Orbital has been hit this year with issues with its dominant customer, Boeing subsidiary Insitu. Orbital revealed in February that Insitu had terminated its third engine program…
Drone engine manufacturer Orbital Corporation is to plan an engine upgrade pathway for one of autonomous technology and drone manufacturer Anduril’s uncrewed aircraft systems (UAS). The Perth company has previously been contracted to deliver a test engine to US-based Anduril under a MoU covering joint development of concepts, products and technical solutions in the uncrewed…
