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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
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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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