$10.6 million drone contract to create 10 jobs at Xtek

Defence supplier Xtek has earned a $10.6 million contract to “provide spare parts, repair, maintenance and support services” for the Australian Defence Force’s fleet of Wasp All Environment drones.   The work will be carried out at a Xtek’s recently-completed Canberra facility, and according to defence industry minister Melissa Price will create an additional 10…

Dig deep: Australia’s mining know-how makes it the perfect $150m partner for NASA’s Moon and Mars shots

By Andrew Dempster, Director, Australian Centre for Space Engineering Research; UNSW   In the wake of Prime Minister Scott Morrison’s meeting with US President Donald Trump, the Australian government announced on Sunday a commitment of A$150million “into our local businesses and new technologies that will support NASA on its inspirational campaign to return to the…

Fonterra offloads pharmaceutical business, cuts debt

New Zealand dairy giant Fonterra (ASX: FSF) has offloaded its shareholding in pharmaceutical supplier DPE Pharma as it reorganises its businesses to cut debt. The company sold its 50 per cent shareholding in the international suppliier of dry inhalation powders for $589 million (NZD$633 million), ending its association with milk-based pharmaceuticals. The purchaser was capital…