Orbital Corporation Addresses ASX Query on Share Price Surge

Orbital Corporation has responded to an ASX query about its share price surge, stating it is unaware of any undisclosed information and is compliant with ASX Listing Rules. This suggests stability in the company's operations and adherence to regulatory requirements, which may reassure stakeholders amidst unusual market activity. Orbital Corporation operates in the aerospace and defense industry, focusing on propulsion systems and related technologies.

Intuitive Machines (IM) reported its Q2 2025 financial results, showcasing a 21% year-over-year (YoY) increase in revenue to $50.3 million, driven by strategic investments and satellite manufacturing integration [1]. The company's growth was significantly bolstered by the acquisition of KinetX, a deep space navigation specialist. This acquisition has positioned IM to expand its capabilities in satellite manufacturing and data services.

However, the earnings were impacted by EAC adjustments, which reduced earnings by $19.8 million. This was due to a $10.1 million revenue cut and a $9.7 million increase in costs, attributed to internal manufacturing capital shifts to ensure performance, schedule clarity, and cost control [1]. Despite this, IM has expanded its satellite production infrastructure by leasing a new spaceport facility, aiming to build scalable business models and reduce launch costs through rideshare opportunities [1].

The company's contracted backlog stood at $256.9 million, reflecting orders for the NSNS task order and the Orbital Transfer Vehicle Phase 2 award. Future growth is expected from Lunar Terrain Vehicle services and commercial re-entry contracts. Key future opportunities also include new OMS task orders and potential commercial re-entry services, which are anticipated to contribute significantly to the backlog in the coming quarters [1].

Meanwhile, Orbital Corporation has responded to an ASX query about its share price surge, stating it is unaware of any undisclosed information and is compliant with ASX Listing Rules. This suggests stability in the company's operations and adherence to regulatory requirements, which may reassure stakeholders amidst unusual market activity [2]. Orbital Corporation operates in the aerospace and defense industry, focusing on propulsion systems and related technologies.

References:
[1] https://www.ainvest.com/news/intuitive-machines-q2-2025-key-contradictions-ebitda-projections-revenue-growth-satellite-deployment-2508/
[2] https://www.asx.com.au/asx/asx-news/2025/07/orbital-corporation-responds-to-asx-query-on-share-price-surge