Defence communications and technology company Codan has seen its shares jump in value by 13 per cent this week on news of a boom in sales and profits. The Adelaide manufacturer of HF radios for defence customers and hand-held metal detectors’s shares opened this morning at $9.78, up $1.11 since January 24. The run was…
By Denham Sadler Opposition Leader Anthony Albanese has made his case for government in a wide-ranging speech with a focus on sovereign capability and manufacturing. Albanese kicked off the election year with an address to the National Press Club, where he made his case for why Labor should take government from the Coalition. The Opposition…
Drone detection and countermeasure company DroneShield has announced the upgrading of the Artificial Intelligence (AI) engine that supports its RF drone and autonomous systems detection devices. The Australian/US company announced the enhancement of their RfPatrol, RfOne and DroneSentry-X drone detection and tracking platforms with the release of updated firmware for the devices. DroneShield capabilities are…
The federal government has stepped up the pace of hypersonic weapons research with the opening of Defence’s Australian Hypersonics Research Precinct at Eagle Farm in Brisbane. Defence minister Peter Dutton launched the $14 million Precinct which provides a location for defence, industry, universities and international partners to advance the understanding and use of hypersonic technology…
EQ Resources has been awarded a $600,000 grant from the Advanced Manufacturing Growth Centre to support high-tech sorting and recovery of the critical mineral tungsten, an important ingredient in cutting tools, welding electrodes, abrasives and many other industrial applications.
University of NSW and ANSTO scientists have characterised the structure of new materials, publishing work that could lead to advanced fire-retardant products. A statement from ANSTO describes work understanding “a family of two-dimensional transition metal carbides, carbonites and nitrides” known as MXenes. According to the American Ceramic Society, MXenes were discovered in 2011 by two…
Hydrogen energy storage manufacturer LAVO and global trading company ITOCHU Corporation have signed a Memorandum of Understanding to explore opportunities to utilise LAVO technology, which could ultimately lead to future investment by Itochu in the Lavo company. Under the MoU, LAVO and ITOCHU will jointly investigate to develop a strategy for a hydrogen supply chain…
Fertiliser and explosives manufacturer Incitec Pivot increased production of Adblue by roughly 800 per cent last week in response to a shortage of the diesel fuel additive, which appears to have eased. Incitec was awarded $29.4 million in December by the federal government in response to a supply crunch in December, which the Australian Trucking…
By Peter Roberts The CEO of defence contractor BAE Systems Australia Gabby Costigan has been promoted to Group Managing Director of Business Development for the global company, based in London. Costigan will move to the United Kingdom to take up the high-powered role during Q2 after a hand over period to new CEO of the…
By Denham Sadler Several Australian companies are manufacturing rapid antigen tests locally with government support but sending the kits offshore due to approval delays, with federal Labor slamming the government for leaving them “in limbo”. From this week, concession card holders can access 10 free RATs from pharmacies around the country over a three month…
