Raytheon Australia has launched the DDG Australian Industry Panel to drive its Capability Life Cycle Management solution for the Royal Australian Navy’s guided missile destroyers (DDGs). The new panel is an established network of sovereign defence industry capability, comprising 350 naval systems professionals and 21 industry partners, selected for their in-depth knowledge of DDGs and…
Comment by Peter Roberts This budget was always going to be about saving the federal government’s bacon in an election it looks likely to lose, and Treasurer Josh Frydenberg did not disappoint with cash giveaways to all and sundry with little regard to managing the economy and the budget. For consumers there was a six-month…
Mining and green energy magnate Andrew Forrest today snapped up five per cent of Perth international shipbuilder Austal. The company told investors that Forrest’s Tattarang Ventures had bought 17,731,049 shares in the company in a cash-settled equity swap transaction – the equivalent of 4.9 per cent of the company. The company has also been buying…
Space, defence and communications manufacturer Electro Optic Systems is a step closer to launching its ambitious SpaceLink global satellite network following export finance backing from the federal government. Export Finance Australia will provide conditional finance for up to US$80 million of debt funding for the initial satellite communications constellation to be launched by EOS subsidiary…
Drug delivery company Avecho has announced positive results from its Phase 2a studying its topical cannabinoid gel for the management of pain associated with osteoarthritis of the hand. The study dosed patients over a four-week period, with the study demonstrating statistically significant daily improvements in hand pain, hand functionality, grip strength, finger stiffness and anxiety.…
3D Metalforge in new capital raising Additive manufacturing production bureau 3D Metalforge has raised $2.12 million before costs via a single tranche share placement. The placement, strongly supported by new institutional and sophisticated investors, also came with the issue of free attaching options which expire in five years time. The funds will be used to…
Iot satellite manufacturer Fleet Space Technologies has revealed GeoSphere, a first-of-its-kind system that is a passive, non-destructive technique to assess site viability for mineral and material deposits. According to social media posts GeoSphere combines wireless Geodes, intelligent cloud processing and a constellation of low earth orbit (LEO) nanosatellites to discover critical resources up to 100…
Drone detection and countermeasure company DroneShield has reached compliance with the UK Ministry of Defence SAPIENT format which is the standard counter drone communication system in the UK. Sensing for Asset Protection with Integrated Electronic Networked Technology or SAPIENT is a common operating format for defence devices. It offers a standard approach for AI and…
Global Energy Ventures has received critical regulatory approvals allowing planning for a giant green hydrogen production and export scheme to be constructed on aboriginal land on the Tiwi Islands offshore of Darwin in the Northern Territory. GEV plans a 2.8 GW solar pv array, a 30km electricity transmission line and a green hydrogen and production…
Australian hydrogen fuel cell vehicle manufacturer H2X Global has announced it has signed an agreement with one of Sweden’s major municipal waste companies to provide hydrogen fuel cell powered trucks and light vehicles. Renova, which is owned by 10 municipalities across the Gothenburg region in western Sweden, and H2X Global have signed a memorandum of…
