Government ‘lapses’ some defence export permits to Israel

The federal government has withdrawn some defence product export permits to Israel due to the ‘high intensity conflict’ engulfing the Middle East. The Senate foreign affairs, defence and trade committee was told that the Department of Defence had examined export permits to Israel at the request of the government. Defence ‘provided advice’ to government and…

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Quickstep rejects offer as not reflecting company value

Aerospace composites manufacturer Quickstep has rejected as inadequate a takeover offer tabled on Thursday by a group of Australian defence contractors represented by ASDAM Operations, a company majority owned by CPE Capital. CPE Capital specialises in growing mid-sized businesses by providing development capital, and has investments in a wide range of businesses, including manufacturers. ASDAM…

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