Amaero Ltd (ASX:3DA) is a global specialist in advanced materials manufacturing for the defence, aerospace and other industrial sectors, developing a critical metals alloy powder manufacturing facility in Tennessee, USA. The company has announced new revenue guidance for FY26 in the range of A$30-35m with a 40/60 split to H1/H2. The revenue guidance was given during a webinar following the announcement of a five-year exclusive supplier and development agreement with Titomic (ASX:TTT) for refractory and titanium alloy spherical powders. The new strategic partnership, which is expected to generate from 5-10% of FY26 sales, follows on from the 21 August announcement that 3DA had raised $50m in additional capital via a placement at $0.40/share, with a $3m share placement plan under offer to existing shareholders, to accelerate growth initiatives including ordering a 4th electrode induction melting gas atomisers (EIGA) by the end of this calendar year, brought forward from 2027, and to be operational from June 2027. Additional processing equipment and custom packaging equipment will also be funded by the raise along with the design and manufacture of equipment to recycle Argon, the gas used in the EIGA process. In its 21 August investor presentation, Amaero says it will seek to recapture 95% of the Argon it produces. We have incorporated the raise, including the SPP which we assume will be fully funded, along with the recently released FY25 result into our model with minor changes to our FY26 forecasts. Our DCF valuation remains unchanged at $0.95/share, fully diluted. This represents potential capital upside of 147% on the current share price. A -/+15% sensitivity analysis gives us a valuation range of $0.45-$1.36/share.