Jetpacks get sales pitch to US military

Martin Aircraft says America holds good possibilities.

Jetpack maker Martin Aircraft will display its wares to the United States military in what it is describing as a major step into the lucrative North American market.

Martin Aircraft's ASX-listed shares soared on the news, closing up A4.5c (5.05c), or 6.7 per cent higher at A72c.

That's still well below the A$3.15 the shares hit in their first week of trading, but well above their nadir of A40c each.

Under the arrangement with American firm AvWatch, the jetpacks will be put through their paces to the US homeland security and defence departments as well as other US federal, state and local agencies.

Three manned jetpacks, three unmanned jetpacks and a simulator will be sent over in an initial package to be presented.

The jetpacks will be pitched towards first response uses, including search and rescue, security, police, ambulance, fire and natural disaster recovery.

The foray into the North American market is a significant boost for the New Zealand-based company whose founder Glenn Martin quit the board, reportedly because he didn't enjoy the company's corporate culture.

Martin Aircraft managing director Peter Coker said the American market presented excellent opportunities for the company.

"Working in collaboration with an industry leader such as AvWatch to demonstrate the tactical capabilities of our disruptive technology to a market segment that is seeking the kind of solutions our two companies can provide will be a powerful enabler on our path to commercialisation," he said.

AvWatch includes aerial reconnaissance and video recording among its services.

- AAP