The Australian Industry & Defence Network (AIDN) has welcomed the principle espoused in the government’s Defence Strategic Review for a more self-reliant and a sovereign industrial base. However the organisation representing the $10.6 billion sector said there was a need for a comprehensive policy and procurement framework to be put in place to achieve this…
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Duratec upgrades profit outlook Construction, engineering and remediation contractor Duratec has upgraded its revenue and profit guidance for FY23. The Western Australian company now expects revenue to be between $465 million and $495 million, and normalised EBITDA to be between $36 million and $39 million. The company, which provides engineering services on a range of…
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Researchers from the University of NSW have developed artificial synapses and sensors to create an electronic material, able to detect subtle human motion and monitor physiological signals, and inspired by human skin. The scientists published their work in Advanced Functional Materials, describing a device that required little power to run and that was “able to…
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By Brian Schmidt, Australian National University This article is part of our series on big ideas for the Universities Accord. The federal government is calling for ideas to “reshape and reimagine higher education, and set it up for the next decade and beyond”. A review team is due to finish a draft report in June…
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Defence and space industry manufacturer Electro Optic Systems (EOS) has announced a second conditional contract with Ukraine, worth as much as $US 41 million (about $61 million), to supply up to 50 of its remote weapons systems (RWS). According to a statement from the ASX-listed company on Wednesday, the contract is with an unnamed Ukrainian…
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The federal government is committing $4.1 billion to acquire more long-range missile strike systems, including a $2.5 billion downpayment for the establishment of a large-scale guided weapons manufacturing industry base in the country. Responding to the priorities of the Defence Strategic Review, the government said it would acquire land-based maritime strike and long-range missile launchers,…
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@AuManufacturing today launches a sponsored series reporting on BAE Systems Australia’s Partnering for success defence industry supplier event which kicks off in Adelaide next week. In this launch article, Peter Roberts explores the relationship between defence contractors and local industry. With the release of the federal government’s Defence Strategic Review we now have a clearer…
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By Peter Roberts The navy emerged from the Defence Strategic Review released on Monday as the future of Australia’s defence posture, but there are warnings that some programmes might be cut in favour of others, and that a big shakeup is in the wind for naval shipbuilding in Western Australia. One thing the review did…
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@AuManufacturing’s sponsored series reporting BAE Systems Australia’s Partnering for success defence industry supplier event kicks off today with a two-part analysis of the benefits of the AUKUS agreement for SMEs. In this first part, Sarah Pavillard examines the SME industry policy landscape. Two things need to happen for AUKUS to deliver for Australia: the Australian…
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The third quarter performance of miner and green industry developer Fortescue Metals shows a continued push to develop a green industry business stream alongside its traditional Western Australian mining assets. The company reported iron ore shipments of 46.3 million tonnes (mt) in Q3 FY23, creating a record for shipments for the nine months to 31…
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