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Highlights:
- Loan Approval: Amaero International Ltd (ASX:3DA) received a US$23.5 million loan under EXIM’s Make More in America initiative.
- Strategic Manufacturing: The loan supports domestic production of advanced materials for defence, space, and aviation sectors.
- Policy Alignment: Amaero’s strategy aligns with the United States' focus on strengthening manufacturing and supply chain resiliency.
Amaero International Ltd (ASX:3DA) has achieved a milestone by securing final approval for a US$23.5 million (A$38 million) loan from the Export-Import Bank of the United States (EXIM). This funding aims to bolster the company’s contributions to addressing critical domestic manufacturing and supply chain vulnerabilities within the United States.
Operating from Tennessee, Amaero is a leader in producing high-quality materials such as C103, refractory alloy, and titanium powders. These materials are essential for additive and advanced manufacturing processes, with applications in the defence, space, and aviation industries. The loan, part of EXIM’s Make More in America initiative (MMIA), underscores the importance of strengthening domestic supply chains.
The MMIA was established to counteract long-term weaknesses in U.S. supply chains, exacerbated by years of offshoring manufacturing to lower-cost countries. Amaero’s inclusion in the program highlights its strategic role in restoring domestic capabilities.
The loan approval process involved rigorous evaluation steps. Initiated in January 2024, it included internal underwriting, transaction review, and credit committee assessment, along with third-party consultant engagement. After a thorough review, the EXIM bipartisan board of directors provided unanimous approval.
Amaero’s chairman and CEO, Hank J. Holland, described the loan as a significant endorsement of the company’s alignment with U.S. policy priorities. According to Holland, Amaero’s corporate strategy is designed to address critical gaps in domestic manufacturing, with a focus on enhancing scalability and resiliency. He noted that these measures are vital for both national security and economic prosperity.
Holland highlighted the challenges posed by decades of offshoring, which have weakened domestic manufacturing capabilities and created vulnerabilities in supply chains. The United States has also lost millions of skilled manufacturing jobs during this period. The EXIM loan provides non-dilutive, government-funded support, offering a strong signal to the market about Amaero’s strategic relevance.
The funding marks the sixth loan granted under the MMIA and represents a first for advanced materials and additive manufacturing sectors. It will be directed to Amaero Advanced Materials & Manufacturing Inc., a wholly owned U.S. subsidiary of Amaero.
This initiative reaffirms the company's commitment to advancing critical manufacturing capabilities. By addressing key supply chain gaps, Amaero positions itself as a pivotal player in supporting U.S. economic and national security objectives. The loan will enable the company to expand its manufacturing throughput, meet rising demand, and strengthen its role in critical industries.
