Amaero Ltd (ASX: 3DA) has expanded its US manufacturing capacity, positioning the company to supply the defence and aerospace sectors as part of broader efforts to strengthen domestic industrial capabilities.
According to an East Coast Research (ECR) report released on 21 July, Amaero is now operating at commercial scale after commissioning its second Electrode Induction Gas Atomizer (EIGA Premium) ahead of schedule in June 2025.
The report said this development effectively doubled the company’s high-value metal powder production capacity and secured its position as the largest US-based producer of refractory and titanium alloy spherical powders.
The company’s flagship products include niobium alloy C103, a high-performance refractory material vital for hypersonic applications, which commands a price 20 times higher than titanium alloy powder.
East Coast Research noted that Amaero’s dominance in C103 production could allow it to capture a significant share of an expanding, high-margin market.
ECR analysts highlighted Amaero’s integration of EIGA Premium technology and Powder Metallurgy Hot Isostatic Pressing (PM-HIP) as central to its manufacturing edge. These processes enable the production of ultra-clean powders and near-net-shape components, offering superior performance and cost-efficiency compared to traditional forging and casting.
“By producing high-quality powders optimized for AM, Amaero addresses the long-standing inefficiencies and high costs traditionally associated with the manufacturing of advanced materials,” the report said.
ECR also pointed to the strategic value of Amaero’s partnerships, which include a five-year, A$35 million supply agreement with US-based metal 3D printing firm Velo3D, and preferred supplier status with additive manufacturing leaders ADDMAN, Castheon, and KAM.
According to the report, these contracts offer crucial revenue visibility, with approximately 80 per cent of Q1 and Q2 FY2026 revenues already accounted for.
The report credited Amaero’s progress to its experienced leadership and effective capital deployment, highlighting a US$22.8 million non-dilutive loan from the U.S. Export-Import Bank under the “Make More in America” initiative.
“The company’s deliberate pivot to the U.S. market, coupled with a focused approach on high-value metal powder production and complementary manufacturing services, underpins its robust growth trajectory,” the analysts wrote.
With a third atomizer scheduled for commissioning in June 2026 and long-term plans to reach 600 metric tonnes of powder production capacity annually, Amaero is expected to further scale its operations to meet rising demand in defence, aerospace, and energy sectors.
Amaero anticipates revenue growth to accelerate through FY2026, with a projected A$30 million in revenue for that year and sustained 100 per cent year-over-year growth over the following three years.
The company said it is targeting positive EBITDA by FY2027.
