Thu Sep 12 00:46:06 UTC 2024: ## ASX Defence Stock AML3D Soars on US Navy Manufacturing Deal
**Sydney, Australia – September 12, 2024:** Shares of AML3D Ltd (ASX: AL3), an Australian 3D manufacturing solutions provider, surged by 23% on Thursday morning following a major announcement. The company has entered into a manufacturing license agreement with Blue Forge Alliance (BFA), a non-profit organization supporting the US Navy’s Submarine Industrial Base.
This agreement opens the door for AML3D to significantly expand its manufacturing capabilities for US Navy submarine parts. The contract, which has no fixed term, will allow AML3D to access technical assistance and data on submarine components, enabling them to utilize their advanced ARCEMY 3D printing systems for production, testing, and validation.
“We are very pleased to see this Blue Forge Alliance Manufacturing License agreement signed, which creates opportunities for AML3D to print more parts for the US Navy,” said Sean Ebert, CEO of AML3D.
This strategic partnership reinforces AML3D’s commitment to supporting the US Navy’s submarine industrial base through the provision of advanced manufacturing technologies and services. It further strengthens their US scale-up strategy, aiming to embed ARCEMY systems and service contracts within the wider US Navy supply chain.
Following today’s gain, AML3D shares have now risen by 60% since the beginning of the year. While still down 38% from their 52-week high, the company’s prospects appear promising as they tap into the growing demand for advanced manufacturing solutions in the defense sector.
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