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Orbital UAV Goes Debt-Free Amid Engine Production Surge and R&D Advances

6:33pm on Thursday 30th of January, 2025 AEDT Aerospace
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Orbital UAV Goes Debt-Free Amid Engine Production Surge and R&D Advances

6:33pm on Thursday 30th of January, 2025 AEDT
Key Points
  • 29 engines delivered in first half of FY2025, with 39 more forecast
  • New Indian customer engagement with initial engine deliveries
  • Debt fully repaid following WA government loan clearance
  • Received $1.9 million R&D grant funds in early 2025
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