Amaero International (3DA.AX) - Key near Term Projects Progressing on Track

Amaero International Ltd (ASX:3DA) is a global specialist in metal additive manufacturing for the defence, aerospace and tooling sectors. At its annual general meeting on Friday, the company noted that four key near-term projects are progressing on track with key developments expected in this quarter. Its 150tpa titanium alloy plant has secured a lease for the facility, select component testing completed and machines are being constructed with first alloy on track to be delivered in Q1 FY23. The company expects the heads of agreement (HoA) with Fletcher Insulation to be signed this quarter and the first batch of Amaero H.O.T. Al in its JV with Rio Tinto is being atomised into powder and testing will commence in the current quarter. The company also anticipates that the HoA for the Middle East project could also be signed this quarter or early in Q3 FY22 and it expects a number of key agreements with aerospace and defence firms to be signed over the next six months.