Four Sovereign Industrial Capability Priority grants totalling $2.3 million, and all going to South Australian firms, were announced on Tuesday.
The SICP is a program offering between $50,000 and $1 million in dollar-matched funding to SMEs in defence. The successful firms in this round would use their funding to help investment in specialised tools and equipment.
“We want to maximise small business involvement in delivering our $200 billion build-up of defence capability, because this approach helps create new jobs right across Australia,” said Price in a statement.
Among the recipients in this round is Armor Australia, which is investing in tooling for lightweight combat helmets.
A full list of this round’s recipients is below (source: Melissa Price’s office)
|AEM Consolidated||$440,000||To enable the purchase of a vacuum pressure impregnation unit and an automatic coil winding machine to improve how the company is repairing and overhauling motors for defence ships and submarines||SA|
|Adlingtons Australia||$798,852||Funding is being used to purchase automated pipe bending and welding equipment to enhance the manufacture of specialised piping and tubing||SA|
|Armor Australia||$401,190||To enable the purchase of specialist tooling to enable enhancements to the design and manufacture of lightweight combat helmets||SA|
|Century Products||$658,112||To enable the instillation of a multi-functional programming and beam drilling quality cell which will support frigates and submarines||SA|