The University of Sydney today announced a $7.4 million investment to expand its quantum technology facilities to establish the Future Qubit Foundry at the Sydney Nanoscience Hub. The foundry will be a national-leading facility to invent the technology of tomorrow’s quantum computers, enabling them to operate at scale and be of use to society. Deputy…
Defence contractor Thales Australia has partnered with Queensland SME, RGM Maintenance to help optimise and advance specialised heavy vehicle maintenance and regional access to services and maintenance of Land Materiel including armoured vehicles for the Australian Defence Force (ADF). The new partnership with RGM will boost the specialised skills, experience and training necessary to optimise…
Perth shipbuilder Austal has delivered Expeditionary Fast Transport USNS Apalachicola (EPF 13, pictured) to the United States Navy – the largest surface ship in the fleet with autonomous capability. Building upon the highly automated hull, mechanical and electrical systems already installed on the Spearhead-class Expeditionary Fast Transport ships, designed by Austal Australia, the Austal USA…
Primary steel producer BlueScope Steel has seen profit slumps from its major businesses as markets for its steel, coated products and buildings generally softened in the first half FY23. The company reported first half net profit after tax of $599 million, a $1 billion drop from the previous corresponding period. The company’s Australian steel products…
QinetiQ creates new “Australian Sector” operation UK-headquartered defence business QinetiQ Group has announced the formation of a new Australia Sector, with Gary Stewart as the Sector’s Chief Executive, effective May 1. Stewart joins from Rheinmetall Defence Australia where he was the Managing Director, responsible for strategy and operational delivery in the Asia Pacific region. The…
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Kongsberg Defence Australia has signed a contract with Tandem Building Group to construct their new purpose-built facility, located in Mawson Lakes South Australia. The company is involved in numerous Australian defence programmes, including the supply of the Kongsberg Naval Strike Missile to replace the Harpoon missile on both of the Royal Australian Navy’s Anzac Class…
Special purpose investment fund Australian Business Growth Fund (AGBF) will invest $15 million into family owned metal manufacturer Derwent Industries Group bringing its total investments made into SME businesses to more than $100 million. Derwent is an advanced metal manufacturer servicing critical infrastructure projects and key industries including water, mining, rail and defence, operating from…
Thermal energy storage company MGA Thermal has been awarded backing worth approximately $560,000 through Shell’s accelerator program, which the startup says will step up completion of a pilot project. MGA’s pilot is located at its factory in Tomago, NSW, has a budget of $3 million, and aims to gather data on “and provide a tangible…
Australia’s emissions-intensive businesses along with the Australian Renewable Energy Agency (ARENA) have identified a possible pathway to decarbonise heavy industry, outlined in a series of new reports published today. The Australian Industry Energy Transitions Initiative (Australian Industry ETI) has published the Pathways to Industrial Decarbonisation Phase 3 reports. The reports identify decarbonisation pathways for five…
