Australia has committed $1.6 billion to help research projects become commercialised. Here’s what the money will do

By Rajat Roy, Bond University and Vik Naidoo, University of Sydney The federal government is investing $2.2 billion for university research commercialisation which would place “university innovation and industry collaboration front and centre of Australia’s economic recovery.” Part of this funding includes $1.6 billion over ten years for Australia’s Economic Accelerator – a new competitive…

Canberra puts foreign companies at head of multi-billion missile programme

By Peter Roberts The federal government has selected foreign defence contractors and allocated a supporting role to two genuinely Australian consortia in accelerating the rollout of ‘sovereign’ guided weapons capabilities. Minister for defence Peter Dutton announced a $3.5 billion investment in speeding delivery of new missile capabilities for the Royal Australian Air Force and the…

Quickstep wins Jetstar maintenance contract expected to net up to $35 million

Quickstep has been awarded a three-year Asia-Pacific maintenance contract with Jetstar Airways, worth an expected $30 – $35 million and with services expected to begin in April. ASX-listed Quickstep and Triumph Aviation Services Asia led the tender response for the MRO contract, covering Jetstar’s Airbus A320 fleet’s V2500 engine nacelles. Quickstep and TASA announced a…