Join our daily newsletter At The Bell to receive exclusive market insights
Amaero Ltd (ASX:3DA), a defence-facing company that produces refractory powders needed to make high-tech metals like niobium for defence applications, has today inked a five-year supply deal with another like-minded peer, Titomic (ASX:TTT).
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
This content has been prepared as part of a partnership with Amaero Ltd and is intended for informational purposes only.
Titomic, for its part, operates in the cold welding space and has been targeting the U.S. Navy for contract work in recent history. Under its new deal with Amaero, its cold welding tech – which requires refractory powders – will use powders produced by Amaero.
Towards the production of critical supply chains in the West ex-China, the 3DA/TTT deal exemplifies how the market can collectively allocate capital to the creation of such supply chains through this partnership.
Both stocks were down Monday as the bourse fielded a red day on the back of a breather on Wall Street, but the defence thematic is unlikely to fall off anytime soon.
“We have been thoughtful and intentional in selecting key strategic partners… Titomic is the leading force in advancing cold spray adoption for advance coatings and for mission-critical part production,” Amaero chief Hank J. Holland said.
3DA last traded at 38cps.
Join the discussion: See what HotCopper users are saying about Amaero Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
