Perth shipbuilder Austal has been awarded a US$44 million ($56.9 million) contract to develop and demonstrate autonomous operation of its Expeditionary Fast Transport (EPF) vessels in service with the US Navy. The company, which has a $2 billion plus contract to build 15 EFP ships for the USN at its yard in Mobile, Alabama, will…
Australia’s textile clothing and footwear industries, one of the principal victims of unfettered and often unfair import competition from China, has been the surprise beneficiary of Covid-19 disruptions, according to new figures from industry analysts IBISWorld. With Chinese exports disrupted Australia’s knitted product manufacturing industry achieved a 13.2 per cent increase in revenue to $90.6…
The federal government has awarded six companies a share in the Government’s $50 million Carbon Capture, Use and Storage (CCUS) Development Fund. Part of a $1.9 billion new energy technologies package announced in the 2020-21 Budget, the government aims to accelerate the development of the technology in Australia, reducing emissions and supporting new economic opportunities.…
How do we stop ourselves blundering into a quantum age without due forethought? How do we tackle the societal problems posed by quantum technologies, while nations and companies race to develop them?
A local business lobby group is making the case for the Darling Downs as a regional manufacturing hub, citing existing strength in machinery production and positive sentiment around reshoring.
A new vaccine manufacturing facility could be built in Brisbane next year after the Queensland government committed to investing up to $20 million into a “bench to bedside” medical innovation organisation eying a manufacturing and testing expansion in Brisbane.
Semiconductor technology developer BluGlass has announced an $8 million capital raising to further develop its first direct-to-market commercial laser diode product. The company, which is commercialising its Remote Plasma Chemical Vapour Deposition (RPCVD) production technology, plans a non-renounceable rights issue to current shareholders. The raising comes as the company revealed it was experiencing reliability issues…
