Shares of AML3D (ASX:AL3) soared by as much as 39.7% to A$0.088 achieving their biggest intraday percentage gain since February 7.

AML3D, a contract manufacturing services provider, announced it has received an order worth A$2 million from the U.S.

Navy to manufacture high-demand submarine parts.

The company stated that this contract accelerates its strategy to integrate 3D metal printing technology into the U.S.

Navy’s submarine industrial base.

The stock reached its highest level since April 17.

Despite the current surge, the stock has declined by 19.2% this year till the last close.

AML3D is a provider of contract manufacturing services with a special focus on 3D metal printing technology.