Key Highlights

  • AML3D (ASX:AL3) traded at $0.115, up 9.52% during the 26 October 2026 session.
  • Titomic (ASX:TTT) traded at $0.105, up 9.38% during the 26 October 2026 session.
  • Innovaero (ASX:INN) traded at $0.385, up 8.45% during the 26 October 2026 session.

AML3D, Titomic and Innovaero supply metal manufacturing and aerospace and defence technology. Three ASX-listed companies traded higher during the trading session on 26 October 2026, while the S&P/ASX 200 index (XJO) stood at 8,768.80, down 0.30% or 26.40 points, at 12:10 pm. AML3D (ASX:AL3) traded at $0.115, up 9.52%; Titomic (ASX:TTT) traded at $0.105, up 9.38%; Innovaero (ASX:INN) traded at $0.385, up 8.45%.

AML3D released an announcement on the same day, 26 October 2026, while Titomic's latest release is dated 22 October 2026 and Innovaero's latest release is dated 23 October 2026, so those moves are reported separately from their releases.

AML3D (ASX:AL3): Northrop Grumman order (26 October 2026)

AML3D received an initial order of about $2.2 million for a large-scale ARCEMY X system from Northrop Grumman Marine Systems, following a competitive tender. The ARCEMY X was selected to support US Navy submarine industrial base manufacturing, and the order includes a two-year maintenance and services package. The system will be supplied from AML3D's US technology centre in Stow, Ohio, and installed at Northrop Grumman's facility in Sunnyvale, California.

AML3D said the order is its first with Northrop Grumman and that it now has contracts covering 17 ARCEMY systems in the United States with customers including Newport News Shipbuilding, Austal USA, Cogitic and Laser Welding Solutions. Northrop Grumman's Australian country executive was quoted as saying AML3D is the first Australian supplier engaged for submarine industrial base manufacturing.

Titomic (ASX:TTT): EXIM direct loan approved (22 October 2026)

Titomic announced that the Export-Import Bank of the United States (EXIM) approved a USD 10.3 million (AUD 14.7 million) direct loan to Titomic USA, Inc. to support expansion of advanced manufacturing capabilities in Huntsville, Alabama. The loan is provided under EXIM's Make More in America Initiative, which extends financing to export-oriented domestic manufacturing projects, especially in sectors critical to national security.

The release said the project is intended to reduce reliance on overseas production, improve industrial resilience and support US technological leadership in next-generation manufacturing. Huntsville was described as a growing hub for aerospace and defence innovation. The announcement did not state repayment terms, interest rates or the timeline for commissioning the production cell.

Innovaero (ASX:INN): Q1 FY27 results (23 October 2026)

Innovaero reported Q1 FY27 revenue of A$3.6 million, a cash balance of A$42.9 million and net operating outflows of A$6.7 million, which included roughly A$1 million of one-off IPO expenses (pro forma operating outflows of A$5.7 million). Revenue under accounting standards exceeded cash receipts of A$1.015 million because of timing differences. The company said revenue is tracking to prospectus forecasts of A$14.4 million for the first half of FY27.

The Mission Talon Strike (OWL-B) program delivered A$3 million of revenue in the quarter, with a further A$13 million to be received by 31 March 2027. Certification for the Australian Defence Force is on track for March 2027, and the company anticipates a customer order shortly after, subject to successful certification. Over 200 flights and 150 flight hours had been completed with no mission failures, including a kinetic test campaign at Woomera. Development of the OWL-X turbine-powered counter-UAS interceptor is on track, design of canister launch systems began, and design of the OWL-C long-range strike munition starts in Q2 FY27.

About the companies

AML3D Limited (ASX:AL3) was founded in 2014 and uses its patented Wire Additive Manufacturing (WAM) process, which combines welding science, robotics automation, materials engineering and proprietary software, to produce metal parts. Titomic Limited (ASX:TTT) serves the US and allied industrial base using its patented Titomic Kinetic Fusion cold spray technology for large integrated metal additive manufacturing, coating and repair solutions. Innovaero Technologies Limited (ASX:INN) designs, certifies, manufactures and supports complex aeronautical systems and solutions, with capabilities running from engineering and prototyping to production, certification and in-service support.

Related sector context

Submarine and naval shipbuilding programs in the United States have supply chain constraints that additive manufacturing suppliers target. EXIM's Make More in America Initiative finances domestic production capacity, particularly for sectors linked to national security. Defence and aerospace suppliers depend on certification milestones and government procurement timetables, as shown by the March 2027 certification date tied to a future order.

The XJO was down 0.30% at 12:10 pm on the day.

Risks to weigh in

AML3D: Revenue under the order is tied to project milestones and installation expected late in the 2027 financial year, so recognition occurs over time. The order is described as initial, and further orders are not guaranteed. Dependence on US defence programs exposes the business to procurement timing and policy changes. Execution of system builds and installation carries delivery risk, and shares can move sharply in either direction.

Titomic: The loan must be drawn and repaid, and the release gives no terms. The production cell must be purchased, installed and commissioned before it adds capacity. Revenue depends on customer orders in aerospace and defence, and job creation is stated as an expectation. Shares priced at $0.105 can move sharply in either direction.

Innovaero: The anticipated Talon Strike order is subject to successful certification, and the further A$13 million of revenue is expected through to 31 March 2027. Several partnership discussions are described as preliminary. Operating outflows of A$6.7 million in the quarter compare with revenue of A$3.6 million. The company recently listed, and its shares can move sharply in either direction.

Catalysts on watch

AML3D: Items to follow include completion of the initial project milestone, installation at Sunnyvale, further orders from prime contractors and conversion of the 17 contracted ARCEMY systems into deliveries.

Titomic: Items to follow include the financing documents and drawdown, purchase and commissioning of the cold-spray cell, hiring in Alabama and customer orders for the expanded capacity.

Innovaero: Items to follow include OWL-B certification in March 2027 and any resulting order, Eagleview deliveries in Q2 FY27, development of OWL-X and OWL-C, partnership discussions and the next quarterly report.

Closing perspective

AML3D (ASX:AL3), Titomic (ASX:TTT) and Innovaero (ASX:INN) traded between 8.45% and 9.52% higher during the 26 October 2026 session, each with a company update on file.