NEW ENGINE DEVELOPMENT & SUPPLY AGREEMENT SIGNED WITH TEXTRON SUBSIDIARY LYCOMING ENGINES

•  Orbital UAV signs engine development and supply agreement with Lycoming Engines, an unincorporated operating division of Avco Corporation, a subsidiary of Textron Inc., to supply engines to Textron Systems Corporation, a world leader in unmanned aerial vehicles (‘UAVs’) for aerospace and defence customers.
•  Major expansion of Orbital UAV’s business relationships and future revenue opportunities.
•  New collaboration commences with a 12-month engine development and vehicle integration program and, based on success, transitions to the supply of engines for up to 10 years.