Family-owned vehicle systems business REDARC Electronics has established a dedicated defence business following five years of market research and partner building in the defence sector. Owner of the Adelaide company, Anthony Kittel has established REDARC Defence Systems Pty Ltd to provide build to plan and company developed products to the defence vehicle sector. Established in…
An annual survey from the Australian Industry Group released today found a low proportion of leaders planning to increase business investment.
Recreational vehicle builder Zone RV has made its third site move since getting started in 2015, and relocated to an $8 million purpose-built factory at Coolum Business Park.
The effect of Australia’s catastrophic summer of bushfires is spreading across food and beverage industries, with the maker of the iconic Grange wine, Treasury Wine Estates cutting its profit outlook for the year ahead. Treasury’s CEO Michael Clark said in his report of results for the first half of the year that drought, heat and…
Archer Materials (ASX: AXE) has begun the next stage of its planned development of a quantum computer chip, Archer’s CQ room-temperature qubit processor. The company has begun the quantum measurements required to build a working prototype of the chip and plan integration of modern devices. Archer, one of two Australian companies developing quantum chips, uses…
Leading composites manufacturer Quickstep (ASX: QHL) has reported fast-growing sales on the back of strong orders from defence and aerospace customers. The Sydney company reported sales up 14 per cent to $18.9 million in the December quarter and strong operating cash flow of $3.6 million. With first half sales of $38.4 million the company has…
Defence, space and communications group Electro Optic Systems (ASX: EOS) has bought US space business Audacy Corporation for $10 million in cash. The Canberra company’s subsidiary EOS Defence Systems USA Inc purchase of Audacy is part of a strategy to widen the remit of EOS’s operations in the United States. The chairman of EOSDS John…
There has been a series of successful IPOs for high-tech Australian manufacturing companies in recent months, including Carbon Revolution, K-Tig and Amaero Engineering. 3D printing bureau AML3D hopes to add to this, with a place on the ASX planned for March. Founder and managing director Andy Sales agrees that investors are keen on sophisticated manufacturers…
By Peter Roberts Australia’s slide down the list of leading developed nations has been dramatically confirmed with the Australia Day weekend coinciding with evidence of a fall in our national innovation effort. The highly respected Bloomberg innovation index saw Australia slip to number 20 in the world on its ranking of innovation (table below). Australia…
One of Australia’s leading industry policy experts Emeritus Professor Roy Green has decried the lack of properly resourced industry policies to capitalise on areas where we have competitive advantage. Green told ABC radio a lack of a manufacturing culture partly caused by years of policy neglect was the over-riding factor in Australia’s weak manufacturing sector.…
