0046 GMT - AML3D's bull at Shaw & Partners sees the Australian 3D printer's new U.S. defense contract as another step toward fulfilling his revenue expectations. Analyst Larry Gandler estimates that the A$9.9 million order from Huntington Ingalls' Newport News Shipping division should generate A$3 million to A$4 million of revenue in FY 2027. This would be a significant step toward the A$30 million total that Gandler forecasts for the period. Writing to clients in a note, he thinks there is also a chance that AML3D makes an announcement within a month related to the U.S. Navy's expansion of its additive manufacturing capacity. Shaw keeps a buy rating and A$0.40 target price on the stock, which is flat at A$0.17. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 17, 2026 20:46 ET (00:46 GMT)
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