Frigate build site ready to launch $35 billion naval project
Work is almost finished in the $500 million upgrade of Adelaide’s new high-tech frigate shipyard with five new structures rising from its Port River site.
Aristocrat’s sales up, profits down
Slot machine and online gaming group Aristocrat Leisure has booked increased revenues but decreased earnings in the latest six months as the Covid-19 pandemic began to buffet the business. The Sydney company reported EBITDA profits down seven per cent to $707 million for the half to 31 March, on revenues up seven per cent to…
Fast growth startups crucial to recovery: Hurps
By Denham Sadler The local startup sector will be crucial to economic recovery in the wake of the coronavirus pandemic, with further government support needed for early-stage firms, University of Technology Sydney director of entrepreneurship Murray Hurps says. Mr Hurps said more than 40 per cent of Australian startups are likely struggling as a result…
Loyal Wingman faces competition, and a software battle
The US Air Force has launched a competition to develop AI software to control groups of highly capable unmanned aerial vehicles (UAVs) flying in formation with conventional jet aircraft such as the F-35 joint strike fighter. The USAF intends to let a number of development contracts for the software, known as Skyborg, according to a…
Dear Minister, for sovereign manufacturing capability – start with steel
Comment by Peter Roberts Dear industry minister Karen Andrews, Your government is to be commended for supporting key sovereign industrial capabilities in defence and, now in the light of the Covid-19 pandemic, extending that thinking to broader strategic national manufacturing capabilities. With respect, there can be no manufactured product more crucial to Australia’s national sovereign…
Adelaide Brighton turns a page to become ADBRI
Construction materials and industrial minerals business Adelaide Brighton is to change its name to ADBRI to better reflect the evolving nature of the business. Shareholders an the company’s annual general meeting overwhelmingly backed the name change. While the company retains its SA businesses, including the Birkenhead cement works on Adelaide’s Port River (pictured), which marks…