Productivity Commission fails as others forge ahead – by Tim Buckley

In recent days @AuManufacturing readers have critiqued federal governments efforts to ‘reform the Productivity Commission (see below). Here in our final part of a series, Tim Buckley argues Australia cannot afford more of the same from the PC, which continued to misread profound societal and economic change underway globally. Treasurer Jim Chalmers’ announcement yesterday of…

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Skykraft delivers space-based VHF communication for Air Traffic Management

Canberra satellite manufacturer Skykraft has completed what it calls a world first trial of space-based VHF voice communications as part of their development of satellites to provide space-based aviation communications and surveillance services. Voice radio communications in the VHF band are used for communications between pilots and air traffic controllers, with VHF radios standard aircraft…

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Marand and Fairbanks Morse combine in components for N-subs

Increasing multinational collaboration among AUKUS companies in Australia’s shipbuilding sector is apparent in a new tie up between US-based Fairbanks Morse Defense (FMD) and Melbourne’s Marand Precision Engineering. FMD is a primary supplier to the US Navy of marine power and propulsion systems, while Marand has increasingly been penetrating defence from its origins in the…

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Austal shares plunge on steel shipbuilding woes

Perth international shipbuilder Austal’s shares dropped on the ASX this morning following a company report of specification changes and inflation which has hit its US steel naval shipbuilding operation. In early trading Austal’s shares were down 11 percent to $2.28, with the company announcing a ‘substantial revision in earnings’ following these changes and ‘inefficiencies’ in…

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Main Sequence passes $1 billion in funds under management

The CSIRO-founded investment vehicle Main Sequence announced the first close of Fund 3, raising $450 million and passing a milestone of $1 billion in total funds under management. Participation came from what were described as “large institutional funds, wealth groups and top tier climate investors” including Hostplus, LGT Crestone, Morgan Stanley Wealth Management and Temasek,…

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