Queensland’s Black Sky Aerospace has celebrated the successful launch of the first rocket powered by Australian-made fuel (pictured). The company was partly funded by the Advanced Manufacturing Growth Centre to develop a process to manufacture solid-state rocket fuel, using it for the launch in outback Queensland earlier this month. AMGC chairman Paul Cooper said Back…
Lynas Rare Earths pushed ahead with the construction of its new Kalgoorlie cracking and leaching plant during a December quarter which also saw record sales revenue of $119.4 million. The Perth company told investors that neodymium and praseodymium (NdPr) production during the quarter was 1,367 tonnes, up from 1,342 tonnes in the previous corresponding period.…
Sleep apnoea technology company ResMed boosted revenue by nine per cent and net operating profit by 12 per cent during the quarter ended 31 December as product sales and digital health businesses prospered during the Covid-19 pandemic. The US-Australian listed company reported revenue of $1.04 million (US$800 million) and net income of $233.98 million, up…
Steelmaker BlueScope has powered ahead with the recovering global economy reporting preliminary unaudited earnings before interest and tax (EBIT) for the first half of around $530 million, up on previous estimates of $475 million. Managing director Mark Vassella said all segments of the group’s business performed well in the six months to December with margins…
Swinburne University has launched its new Space Technology and Industry Institute, headed by astronomer Professor Alan Duffy. The university said in a statement on Friday that the new institute would link its “capabilities in astrophysics, aerospace, aviation, advanced manufacturing, artificial intelligence and education” to address challenges “at the edge of human understanding and imagination.” Duffy…
Downer Defence Systems (DDS) has partnered with Urban Circus, EPE, and Boeing offshoot Insitu Pacific to develop the autonomous Muskito military vehicle (pictured). DDS has been announced as prime systems integrator for the velicle, a Counter Improvised Explosive Device (CIED) concept that will use autonomous systems and machine learning. Once an explosive threat is detected,…
Keyhole Tig welding developer K-Tig experienced a record quarter for business in December booking revenue of $409,000. The company, which manufactures patented, high productivity welding equipment and offers welding as a service, built on its expansion into the United States and has now established an on-the-ground sales force. The company made its first sales to…
