Orbital Corporation's production option exercised for additional revenue

Orbital Corporation Ltd (ASX:OEC) has confirmed the exercise of the option extension under the production agreement to increase original order volumes for key Singapore customer, DSO National Laboratories, totaling $3.5 million. The total contract value has now reached $7.05 million, with anticipated engine deliveries scheduled between October 2024 and May 2026.

Executive Commentary on Production Option Exercise

The long-term partnership with DSO National Laboratories continues to expand, resulting in the doubling of volume orders for initial production units. We look forward to delivering and maintaining this growing fleet of assets over the long term.

Summary of Orbital Corporation's Production Option Exercise

Orbital Corporation Ltd (ASX:OEC) has exercised the production option to increase original order volumes for DSO National Laboratories, leading to a total contract value of $7.05 million. The company anticipates engine deliveries between October 2024 and May 2026. The successful engine development program has resulted in the doubling of volume orders for initial production units, reflecting the expansion of the long-term partnership with DSO National Laboratories. Orbital Corporation looks forward to delivering and maintaining the growing fleet of assets over the long term.