0243 GMT - Australian 3D printer Titomic's planned relocation to the U.S. is aimed at enhancing its ability to tender for government work, Bell Potter analyst Stuart Howe says. Titomic, which already has a facility in Huntsville, Alabama, is "enjoying the tailwinds of a significant culture change and increased sense of urgency across the U.S. Department of War," Howe writes in a note. He tells clients that a meeting with Titomic's strategic advisory group indicated that U.S. aerospace and defense activity is at an inflection point as aging assets get updated, supply chain vulnerabilities are addressed, and new technology is developed. Bell Potter keeps a speculative buy rating and a A$0.50 target price on the stock, which is flat at A$0.215. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 15, 2026 22:43 ET (02:43 GMT)
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