Orbital’s Insitu ScanEagle UAV, Image Sourced from Orbital UAV
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Orbital Corporation is continuing to demonstrate its progress and growth in the unmanned aerial vehicle (UAV) market
  • The company today announced the testing of its systems with Insitu Pacific – a subsidiary of the Boeing Company
  • Testing will be undertaken in Queensland making it the first time Orbital’s systems have been flown in Australia
  • The program will target more than 300 hours of data and will highlight the growing partnership between the two companies
  • The company’s share price has remained unchanged with share trading for 33.5 cents apiece

Orbital Corporation is continuing to demonstrate its progress and growth in the UAV market.

The company today announced flight testing of its world-class propulsion systems in conjunction with customer Insitu Pacific – a wholly-owned subsidiary of The Boeing Company.

The program, conducted at Insitu Pacific’s testing and training facility in Queensland, represents the first time Orbital’s systems have been flown in Australia.

Orbital’s Insitu ScanEagle UAV
Image Sourced from Orbital UAV

It also complements its existing flight testing activities in the United States.

“Our flight program with Insitu Pacific expands our capability to fast track hour development and validation – gathering valuable data in real world conditions,” Managing Director and CEO Todd Alder said.

“These flights test the limits of our engines and highlight opportunities where we can continuously improve our products – increasing reliability and field serviceability to ensure we are providing propulsion systems that set the benchmark for performance,” he added.

Orbital’s latest generation of engines, which derive from its revolutionary Modular Propulsion Solution (MPS), is being flown on Insitu’s ScanEagle platform.

Orbital’s MPS addresses the growing need within the UAV market for aircraft to have the flexibility and versatility to adapt to changing end customer requirements and the rapid deployment of those aircrafts.

The range of propulsion systems is capable of being integrated across multiple platforms with differing payloads and capabilities.

This initial program will target more than 300 hours of data and highlights the growing partnership between Orbital and Insitu Pacific.

“Insitu Pacific has been flight testing its unique payload designs and customer deliveries for the past 10 years,” Insitu Pacific Managing Director Andrew Duggan said.

“However, the activity with Orbital UAV is contributing important new performance and life-cycle data for the EagleScan product line for Insitu globally and is supporting our continuous drive to innovate and define leading unmanned aircraft systems into the next decade,” he continued.

Orbital’s share price has remained unchanged at market close. Its shares are trading for 33.5 cents apiece in a market cap of $25.94 million.

OEC by the numbers
More From The Market Online
Closeup graph of Binary option for trading platform

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tech sector companies Ovanti Ltd and Brainchip Holdings Ltd joined Lake Resources Ltd and VHM Ltd…
The Market Online Video

One Click Group (ASX:1CG) records significant revenue increase in July update

The interview is about OneClick Group’s recent financial performance update.
Image of a person's hand reaching out to touch the digital world.

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Hexima Ltd has seen a strong rise in share price after it told the market of…
Image of business people shaking hands against a backdrop of skyscrapers.

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

European Lithium Ltd, Diatreme resources Ltd and SRJ Technologies Group Plc have all announced updates to…