Business
Why the Orbital (ASX:OEC) share price ended the day up 6%
The Orbital Corporation Ltd (ASX: OEC) share price flew higher in late-afternoon trade following the announcement of a new agreement. At the end of today’s market session, the advanced aerospace manufacturer’s shares finished at 93.5 cents, up 6.8%.
What’s lifted the Orbital share price?
Investors were picking up the Orbital share price throughout the day after announcing a lucrative deal.
According to its release, Orbital advised it has signed an engine development and supply agreement with Textron subsidiary, Lycoming Engines.
Under the framework, Orbital will engage in a 12-month engine development program to integrate its technology into Textron Systems’ Aerosonde platform. This will see Orbital’s use the design of…
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