Finns double down on Aussie armour order
The Finnish Defence Force has almost doubled its order of bullet-proof armour manufactured in South Australia following significant external validation.
The Finnish Defence Force has almost doubled its order of bullet-proof armour manufactured in South Australia following significant external validation.
Tritium has closed a $45 million debt private placement by Cigna Investments, which will fund further expansion and refinance a Export Finance Australia trade finance facility.
The first sod has been turned at the new $12.5 million Submarine Rescue Facility, to be built by listed heavy engineering company Civmec at the Australian Marine Complex in Henderson, Western Australia.
Listed pool, spa and water filtration business Waterco has acquired Automated Pool Products.
Prime Scott Morrison last week outlined a plan to create jobs and revitalise the economy post COVID-19. Part of this so-called Jobmaker plan includes an overhaul of the “bewildering”, “unresponsive” and “fundamentally flawed” skills sector.
Swinburne University researchers and Lightning Protection International will collaborate on the development of new materials, to be used in products designed to keep structures safe from lightning strikes.
Australian Bus Corporation and Dutch company Ebusco have announced a regional partnership that would ultimately see carbon fibre-bodied buses made in Australia.
SpaceX has well and truly revolutionised space travel. But what does this mean for the many Australian companies making up a new space sector Down Under?
There is no doubt that COVID-19 has plunged our country, and the world, into economic chaos. The impact of the virus has truly challenged the old order and we are being forced to decide what we want the future of Australian manufacturing to look like.
As the fourth largest industry in Australia, manufacturing is critical to rebuilding the health of our economy.
Industry Minister Karen Andrews has recently stated that although COVID-19 highlighted a number of serious sovereign capability gaps, total domestic self-sufficiency shouldn’t be the goal for our future. I agree and believe instead we must mature those niche opportunities that draw on Australia’s own resources and R&D strengths and focus on the manufacturing and broader industrial races we can win, both locally and globally.
Overall manufacturing activity was up slightly in May compared to April, but remains in “deep contraction” according to the Australian Industry Group’s Performance of Manufacturing Index.