Defence contractor Orbital UAV says it has achieved strong revenue growth for the full financial year on the back of a recent engine supply agreement with Boeing.
Drone technology company Orbital Corporation has signed a memorandum of understanding with Boeing subsidiary Insitu to become its primary engine supplier.
Industrial technology company Orbital Corporation has lowered its revenue guidance for the financial year by $4 million, following production delays to one of its new engine models.
Shares in Orbital Corporation jumped 16 per cent today, after the local tech company announced a contract extension with multinational The Boeing Company and provided revenue guidance of $24 million for the 2019 financial year.
Orbital Corporation's long-serving managing director and chief executive, Terry Stinson, has stepped aside with CFO Todd Alder appointed as his successor with immediate effect.
Ian Veitch has resigned as company secretary at Orbital Corporation. Todd Alder has been appointed chief financial officer and company secretary, and is responsible for communications with AS
