Orbital Corporation Limited announced revenue guidance for the fiscal year 2019 is AUD 24 million. This guidance takes into consideration the MPS investment in first half which will ultimately provide the foundation to maintain substantial revenue growth beyond fiscal year 2019.

The company also provided updates on Modular Propulsion Solution. Investment in this product development has been targeted at the release of a Modular Propulsion Solution or MPS. The MPS addresses a growing need within the tactical UAV market for aircraft to have the flexibility and versatility to adapt to varying end customer requirements and for the rapid deployment of those aircraft. Orbital UAV's revolutionary response to this challenge will provide tactical UAV manufacturers with a modular range of propulsion systems, capable of being integrated across multiple UAV platforms with varying payloads and capability. This comprehensive offering represents a key milestone in the Company's strategy to deliver long term sustainable growth. Using design thinking, patented technology and a global supply line built up over three decades, the MPS approach will provide customers with: Modularised propulsion systems applicable to multiple airframe platforms; rapid volume flexibility across the entire Solution; reduced product lead times; and unsurpassed quality built on three decades of global supplier relationships and unique modular system design.