EOS in $450 million contract with the UAE

Space and defence industry contractor, Electro Optic Systems (ASX: EOS) has won a contract worth $450 million to supply remotely operated weapons systems to the UAE Navy. The announcement, made at the International Defence Exhibition (IDEX) in Abu Dhabi, reflects the exercise of options in a previously announced deal. EOS Group CEO, Ben Greene said:…

Austrade markets Australian Agriculture 4.0

The Australian Trade and Investment Commission is focusing on Agriculture 4.0 as it markets local capabilities and products in this fast-developing area. The Agriculture 4.0 theme will help the global agricultural sector to be more profitable, efficient, safe and environmentally friendly, according to Austrade. “These technologies include biotechnology, smart farming, ‘precision for decision’ agriculture, robotics,…

Supporting Australian SMEs to go global

By Helen Hull of First5000 Federal parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade has released its report ‘From little things big things grow: Supporting Australian SMEs go global‘ following an inquiry into access to free trade agreements by small and medium enterprises. Among the key recommendations tabled in Parliament is that Free…

Leigh Creek Energy moves to commercialisation

Synthetic gas developer Leigh Creek Energy (ASX: LCK) has announced it is in discussions with a number of manufacturers to commercialise its project located at the former Leigh Creek coal field in South Australia. The company said in a statement it has successfully completed pre-commercialisation testing at Leigh Creek, producing more than seven million cubic…

Cochlear boosts sales, profits

Hearing implant manufacturer, Cochlear Ltd (ASX: COH) has followed other strong results from lised companies reporting strong sales and profit growth in the first half of the year ending December. The Sydney company today reported sales up six per cent and earnings before interest and tax (EBIT) up 11 per cent in constant currency terms.…