Key Highlights
- Orbital shares touched a 52-week low during the session on Monday 9 November 2026 and closed at $0.10, down 9.09%.
- Q1 Revenue was $3.4 million, and the order book stood at $2.0 million.
- The customer base expanded to 16 across commercial and defence UAV programs.
Orbital Corporation Limited (ASX:OEC) touched a 52-week low during the Trading session on Monday, 9 November 2026, and closed at $0.10, down 9.09%. Orbital designs and supplies propulsion systems for unmanned aerial vehicles across commercial and defence programs.
Latest Development: Quarterly Activities Report, 23 October 2026
Orbital released its quarterly activities report for the period ended 30 September 2026 on 23 October 2026. Q1 revenue was $3.4 million, and the company said its customer base expanded to 16.
The company said AATI completed its first flight with Orbital's 150HFE propulsion system, and it secured a three-system MightyFly order for US commercial cargo operations. Orbital also delivered twenty 50HFE systems to the UAE.
After quarter end, Larsen & Toubro ordered three 350HFE systems, and Orbital received a testing and integration order from Taiwan UAV. The company also secured AATI as its first Power by the Hour customer, with contract revenue of US$2.6 million through December 2027.
About the Company
Orbital supplies propulsion and power systems for UAVs and offers in-service support.
Sector Context
UAV propulsion Demand is linked to defence procurement and commercial drone operations, both of which can have lengthy approval cycles.
Risks and What to Watch Ahead
Revenue depends on the timing of orders across several programs, and some of those programs may move or change.
Watch items include delivery of the new orders, the Gen II power management system launch and the next quarterly report.
Final Word
Orbital's Quarterly Report shows a growing customer base, a $2.0 million order book and several new orders after quarter end, with revenue of $3.4 million for the quarter.






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