Innovyz alumni, Amaero International (ASX:3DA) to make rocket motor parts for Gilmour Space
CEO, Barrie Finn.
Source: Amaero International
Amaero International (3DA) has secured a heads of agreement (HoA) with Gilmour Space Technologies.
The three-year deal will involve Amaero manufacturing a range of different rocket motor components to be used on Gilmour Space’s flight-ready vehicles. In return, Gilmour Space will pay not-yet disclosed fees to Amaero for manufacturing services and the supply of rocket motor components.
Amaero secured this agreement with the Australian rocket company after manufacturing and supplying a series of prototype rocket motor components to Gilmour Space over the past 12 months.
Gilmour Space Co-Founder and CEO Adam Gilmour said the company was excited to be working with Amaero.
“Amaero’s capabilities and expertise play a key role in helping us to achieve our goal of more affordable, reliable and dedicated rocket launches into low earth orbits (LEO).”
Gilmour Space is focused on pioneering new and innovative hybrid propulsion technologies that will offer lower cost access to space. It’s developing and building local LEO launch capabilities or rocket launches into Earth-centered orbits close to the plane.
Amaero CEO Barrie Finn was pleased to be involved with Gilmour’s goal.
“We are very pleased to continue and strengthen our relationship with Gilmour Space as they develop and build local LEO launch capabilities. Gilmour Space is a key local partner for our Australian operations, and this agreement builds a framework for collaborating with the company on a long-term basis.”
Based upon Gilmour Space’s three-year forecast included in the HoA, Amaero expects the deal will deliver around $1.7 million in total revenue over the forecast period.
Amaero will begin producing the components before the end of the year.
Article written and published by Jessica De Freitas, Markets Reporter, The Market Herald.