Drone detection and countermeasure manufacturer DroneShield has topped off a year of rapid growth with a fully underwritten $75 million capital raising. The company is raising $70 million via a share placement, and an additional $5 million through a share purchase plan. The cash will be used to build up inventory to support a sales…
Below is the introduction speech from @AuManufacturing’s Australia’s 50 Most Innovative Manufacturers awards event, held on April 18. You can view the 2024 list here. Good morning and welcome. We acknowledge the traditional owners of this land – the Gadigal people of the Eora nation – as we begin this event. When we launched this…
@AuManufacturing’s Australia’s 50 Most Innovative Manufacturers for 2024 were announced to a full room at Cockle Bay Wharf’s rooftop L’Aqua venue on Thursday morning. After a five-month campaign and the assessments of five expert judges, the list for this year can be made public. This title expresses its great thanks to the second annual event’s…
The first prototype Ghost Shark autonomous undersea vessel (pictured) being developed for the Royal Australian Navy has been completed. The name references Boeing’s successful development of the unmanned aerial vehicle (UAV) Ghost Bat for the RAAF. Developed in Sydney by US start up Anduril, the company has previously shown a 2.8 tonne ‘Dive-LD’ autonomous submarine,…
Drone detection and countermeasure manufacturer DroneShield can look forward to greater opportunities selling to European militaries following an approval from the NATO Support and Procurement Agency (NSPA). The approval awarded via COBBS BELUX BV, DroneShield’s in-country Belgium and Luxembourg partner, is the first Counter-small UAS procurement framework agreement in NATO history. The initial agreement is…
By Peter Roberts So whether or not Australia will actually have a Future Made in Australia as wished for by the Albanese government comes down to what it has always come down to – a matter of Ideology. The sides of the debate are clear. Ranged against are the usual suspects – economically regressive media…
