- 3D printing manufacture Amaero International (3DA) has entered a trading halt ahead of an upcoming capital raise
- Currently, it is not known how much the company is aiming to raise and where the funds will be spent
- Additionally, Amaero received a purchase order from The Boeing Company for the manufacture of metal evaluation parts
- Boeing is the leading manufacturer of commercial jetliners, defence, space and security systems
- Amaero last traded for 65 cents per share on December 2
Amaero International (3DA) has entered a trading halt ahead of an upcoming capital raise.
So far, it is unknown how much the company is aiming to raise and where the funds will be spent.
Company shares will be paused until Monday, December 7, or when more information about the raise is released.
Purchase order
Amaero also announced it received a purchase order from the world’s largest aerospace manufacture, The Boeing Company.
The purchase order is for the manufacture of metal evaluation parts.
Boeing is the leading manufacturer of commercial jetliners, defence, space and security systems. Its products include commercial and military aircraft, satellites, weapons, electronic and defence systems, launch systems and many more.
The evaluation parts will be developed and manufactured at the company’s facilities in California and Melbourne.
The purchase is a one-off order, however, if Boeing is pleased with the products it may result in further orders.
Amaero CEO Barrie Finnin is pleased with the purchase order from Boeing.
“The purpose of Boeing’sGlobal Supply Chain program is to provide access to companies like Amaero to identify opportunities to support global programs within Boeing,” he said.
“We have worked closely with Boeing’s Global Supply Chain people to unearth a multitude of opportunities within several Boeing programs for Amaero to supply
prototypes and production. We look forward to working on the evaluation parts in our facilities in Melbourne and El Segundo and continuing to build our relationship,’ he added.
Amaero last traded for 65 cents per share on December 2.