Defence companies vie for slice of $35 billion Australian frigate pie
Detailed planning for Australia’s Hunter Class Frigate Program is well underway as local companies vie for a slice of the $35 billion project.
Detailed planning for Australia’s Hunter Class Frigate Program is well underway as local companies vie for a slice of the $35 billion project.
Chemical technology business Calix (ASX: CXL) has announced a sales revenue increase of 144 per cent in the first half of the financial year.
Industrial scale additive manufacturing company Titomic has made a breakthrough sale of two massive production machines with the total sale valued at $25.5 million (US$16.8 million). The company changing deal is with Composite Technology, an Australian R&D and commercialisation division of a global defence product manufacturer. Titomic’s Titomic kinetic fusion (TKF) production process will be…
Underwater systems composite manufacturer Matrix Composites & Engineering has continued its turnaround posting an underlying EBITDA for the first half of $1.2 million, a $3.4 million improvement on the lost recorded in the previous corresponding period. The manufacturer of underwater buoyancy systems for the offshore oil and gas sector saw revenue increase from $11.3 million…
Queanbeyan’s Lintek has upgraded its facility, and is attempting to increase its participation in the global F-35 program. Lintek employs roughly 50 at the site, and makes microwave and high-frequency printed circuit board using a patented “high vacuum deposition” process, enabling very accurate copper features to be created. It is a supplier to government departments,…
Food group Longtable has significantly reduced costs and improved profitability since Maggie Beer sold her eponymous food brand and joined the company as part-owner and director. Two of the company’s three brands, Saint David Dairy and Maggie Beer Products are cash flow positive and profitable with double digit EBITDA margins according to the company’s first…
The local content figure for the $80 billion Attack class submarines to be built in Adelaide appears to be settling at 60 per cent.