Orbital Corporation Limited

ASX:OEC

Orbital Corporation Limited

ASX:OEC
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$0.100 (-4.8%)
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Bear77
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Bear77
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23-Apr-2020:  Orbital UAV signs new contract with Northrop Grumman

That's a big deal for a company that still has a market capitalisation (m/cap) of less than $50m (a nanocap stock).  OEC design and manufacture integrated engine/propulsion systems for tactical UAVs (unmanned aerial vehicles) - think: drones the size of cars, or larger.  Tactical UAVs are used by global defence forces for gathering intelligence, surveillance and reconnaissance. 

OEC's latest Investor Presentation:  Investor Presentation - April 2020   It gives a good overview of the business.

Disclosure:  I don't hold any OEC shares.