Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Orbital UAV details strong showing in FY20 results

Perth-based Orbital UAV has released its results for FY20, which outlined a strong showing in the year leading up to 30 June 2020 despite the effects of the coronavirus pandemic.

Perth-based Orbital UAV has released its results for FY20, which outlined a strong showing in the year leading up to 30 June 2020 despite the effects of the coronavirus pandemic.

In a statement released to the public, the company said that it has been able to deliver $34 million revenue and profit of $1.7 million. 

Advertisement
Advertisement

Even in the face of a global downturn in manufacturing, the unmanned aerial vehicle (UAV) market has continued to grow – with Orbital at the heart of Australian sovereign capability in the space. 

Since the outbreak, the company has signed international supply agreements with Northrop Grumman as well as an undisclosed Singaporean customer.

In documents provided together with the FY20 results, the company has also released revenue guidance for financial year 2021 of between $40 million and $50 million.

PROMOTED CONTENT

Backed by 30 years of experience in the engine design space, Orbital is now the primary engine supplier to Boeing subsidiary Insitu – powering its entire fleet of tactical UAVs. 

A closely-integrated international supply chain network and a patented heavy-fuel injection system has enabled the company to grow rapidly over the course of a few years, expanding into UAV-adjacent areas such as real-time propulsion system diagnostics.

Earlier this month, the company hosted Australian Minister for Defence Linda Reynolds.

Orbital UAV details strong showing in FY20 results
orbitaluavtest.jpg
lawyersweekly logo

more from defence connect

Aug 7 2020
Defence to acquire new anti-submarine training capability
Defence Minister Linda Reynolds has announced an $11 million acquisition of the new Saab AUV62-AT, ...
Aug 7 2020
Aussie sovereign C4 SMEs secure Army contract for new defence industry co-operative model
Seventeen Australian companies have joined the C4 EDGE (Evolutionary Digital Ground Environment) Com...
Aug 7 2020
Billion-dollar cyber boost: A cash cow for defence SMEs?
While the release of the national Cyber Security Strategy 2020 yesterday reflects an uptick in finan...
FROM THE WEB
Recommended by Spike Native Network