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Highlights
- Amaero (3DA) secures $23.5 million loan from the US Export-Import Bank.
- The loan aims to enhance US domestic manufacturing and supply chain resiliency.
- Amaero plans to create 150 high-skilled jobs and invest US$50 million in equipment upgrades.
Amaero International (ASX:3DA) continues to make strides in enhancing the US's manufacturing landscape with the recent approval of a substantial loan. Its subsidiary, Amaero Advanced Materials and Manufacturing, has secured final approval for a US$23.5 million loan from the Export-Import Bank of the United States. This loan marks a significant move toward revitalizing domestic manufacturing capabilities, aligned with national security priorities and the need to restore strength to US supply chains.
The loan approval process, which began in early January 2024, followed an exhaustive review by the Export-Import Bank, including underwriting, transaction assessments, and the engagement of third-party consultants. With the required documents expected to be finalized in the coming quarter, Amaero’s loan will help bolster its efforts under the US Government's Make More in America initiative, a program aimed at reversing long-term challenges in domestic manufacturing. As part of this initiative, the US government will finance essential capital equipment upgrades, helping to strengthen US manufacturing output and reduce reliance on international supply chains.
Amaero’s market capitalisation stands at $203 million, positioning the company as a key player in advanced manufacturing solutions, especially in the aerospace, defense, and space industries. CEO Hank Holland highlighted the strategic alignment of the company’s goals with critical US policy objectives, including enhancing resiliency in manufacturing and addressing the significant gaps left by decades of offshoring production.
The company has placed its focus on producing C103 refractory and titanium alloy powders crucial for additive manufacturing, which are highly sought-after in aerospace and defense industries. With this loan, Amaero aims to become the largest domestic supplier of these advanced materials, particularly focusing on the US’s space and aerospace sectors. This initiative will enable the creation of 150 skilled jobs and represents a US$50 million investment in facility improvements and high-end equipment.
In response to the announcement, Export-Import Bank President Reta Jo Lewis praised the loan approval as a step forward in strengthening the country’s manufacturing base while fostering high-paying jobs. Amaero’s success highlights its role in addressing vital supply chain vulnerabilities, paving the way for long-term growth and sustainability within US manufacturing industries.
Amaero International (3DA) continues to solidify its position as a leading manufacturer of critical components that support national security and drive economic progress in advanced manufacturing sectors.
