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Orbital UAV (ASX:OEC) receives first engines order for textron systems' aerosonde' r program

Orbital UAV's First Order for Textron Systems' Aerosonde' R Program


Orbital Corporation Ltd (Orbital UAV) (ASX:OEC) has announced the receipt of the first order for production-ready engines from Textron Systems Corporation for integration into the Aerosonde unmanned aircraft system (UAS) program. The order, valued at approximately A$2.1 million, is an extension of the long-term supply agreement signed with subsidiary company Lycoming Engines in 2021.

Executive Commentary on Textron Systems' Aerosonde' R Program


This is a major milestone in the engine development program and our relationships with Lycoming Engines and Textron Systems. Since signing this development and supply contract, we have successfully collaborated with Textron to advance the Orbital UAV-designed engine and its integration into the Aerosonde program. This has supported Textron's system capabilities and validated the FTUAS solution presented in this UAS.

Summary of Orbital UAV's Announcement


Orbital UAV has secured a significant order worth approximately A$2.1 million for production-ready engines to support Textron Systems' Aerosonde UAS program. The company's collaboration with Textron Systems and Lycoming Engines has reached a major milestone, showcasing the successful advancement of the Orbital UAV-designed engine. Additionally, Textron Systems' achievement of the U.S. Army's Future Tactical Unmanned Aircraft System (FTUAS) Program of Record Option 2 further emphasizes the strategic importance of this collaboration. The FTUAS program, with a potential value as high as US$1 billion, presents a substantial opportunity for Orbital UAV's continued involvement in the development and supply of advanced propulsion systems for tactical UAS. This announcement reflects the company's commitment to innovation and its position as a key player in the UAS market.

Sourcehttps://announcements.asx.com.au/asxpdf/20231219/pdf/05yqps41svrl52.pdf

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