Boeing Australia is accelerating development of the Loyal Wingman unmanned aerial vehicle the company is developing in Melbourne and Brisbane for the RAAF. The company has advanced laboratory and prototype development in preparation for first flight of prototypes next year. Boeing has fielded 15 autonomous test bed aircraft to refine autonomous control algorithms, data fusion,…
Queensland medical device manfacturer Oventus (ASX:: OVN) has won two new customers in the United States for its O2Vent sleep apnea treatment device. The company announced Delaware Sleep Disorder Centres and Reliable Respiratory would adopt the company’s O2Vent device as an apnea treatment across 10 US health centres. A minimum of twenty devices will be…
Services are increasingly driving profit growth for bionic ear manufacturer Cochlear (ASX: COH) in an increasingly competitive medical device market. The Sydney company sold 34,083 hearing implants in the year, down three per cent, as competitor new product launches in the United States and Germany hit sales. However sales are growing again with the launch…
Port Macquarie boat manufacturer and maritime engineering firm Birdon has won more than $700 million worth of new contracts in three months, including two contract wins in the United States.
Waste management and recycling company Cleanaway (ASX: CWY) has released a strong result for the 2019 financial year, with revenue and EBIT both up by more than 34 per cent. The company which has been expanding at a time when Australia faces a rising recycling task, reported EBIT of $217.6 million, up 45.7 per cent,…
Packaging giant Orora Limited (ASX: ORA) today reported big revenue gains and a profit jump in its latest financial year. The company, the de-merged Australian operations of the global AMCOR packaging group, saw a 12 per cent boost in revenues to $4.25 billion. The company also announced net profit was up 1.4 per cent to…
Two groups progressing to manufacture modern batteries and systems in Australia have received government funding boosts. Queensland battery system manufacturer RedEarth has received a $5 million investment from the $80 million Queensland Government Business Development fund. The investment, which matches 4.75 million raised from investors, will boost production of the company’s residential and commercial scale…
Global lead prices and fears of lead pollution are rising in the South Australian regional centre of Port Pirie as the town’s giant Nystar metals smelter enters its second prolonged period of shut down this year. The smelter has been shut since early this month when its’ top submerged lance furnace suffered damage, allowing molten…
Biotechnology and blood plasma business CSL (ASX: CSL) powered ahead in the latest financial year recording net profit of more than 1.9 billion, up 17 per cent on the year before. The Parkville, Melbourne based company expects this year to show another profit growth of seven to 10 per cent as it executes its strategy…
Lithium Australia (ASX: LIT) has successfully refined lithium phosphate from spent lithium-ion batteries (LIBs), and is proceeding to manufacture cathode powders. The company, announced it was producing lithium-ferro-phosphate (LPT) coin cells to test the performance of its re-birthed cathodes, effectively proving its novel battery recycling technologies. The Perth company has also recovered nickle and cobalt…
