- AML3D (AL3) has received a contract from aerospace mainstay The Boeing Company
- Under the contract, AL3D will produce a 3D printing tooling component that will be assessed by Boeing
- AML3D noted that, if successful, the contract could lead to further collaborations between the parties
- On the market this morning, AML3D is up 27.8 per cent and is trading at 23 cents per share
AML3D (AL3) has received a purchase contract to produce a 3D printing tooling component from The Boeing Company.
Boeing is a leading aerospace company that develops, manufactures and services commercial airplanes, defence products and space systems for customers in more than 150 countries.
Under the purchase contract, Boeing will use its wire additive manufacturing process to create an Invar-36 mandrel tool artefact.
This artefact will be assessed and tested for its mechanical properties, internal soundness and vacuum integrity, thereby assessing AML3D’s ability to meet Boeing’s specifications.
Notably, the value of the part being manufactured is below $50,000. However, this purchase has the potential to spur future collaborations with Boeing.
“AML3D is very excited to begin working with Boeing, one of the world’s largest aerospace companies,” Managing Director Andrew Sales said.
“This purchase contract will provide the Company with a key opportunity to showcase its ability to produce parts on time and to specification with a high-quality customer as the world adapts to 3D printed solutions in addition to traditional manufacturing.”
On the market this morning, AML3D is up 27.8 per cent and is trading at 23 cents per share at 10:03 am.