Steelmaker BlueScope has told investors that it expects underlying earnings before interest and tax (EBIT) of around $340 million for the current half year, a 30 per cent increase over the first six months of 2020. Managing director Mark Vassella said: “Despite the global disruption caused by Covid-19, we’ve had a solid performance from all…
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Perth shipbuilder Austal has sensationally ‘updated’ its own stockmarket statement and now acknowledges that an inquiry is underway ‘with respect to payment of an outstanding milestone payment/s by Australian Border Force for the Cape Class programme in 2015’. The company had earlier strongly refuted claims made in the media that an investigation into $39 million…
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Carbon fibre composite road wheel manufacturer Carbon Revolution continued to grow in the March quarter despite the Covid-19 pandemic. The company announced revenue of $11.8 million, up 26.3 per cent from the previous corresponding quarter, and 45.9 per cent up on the fourth quarter of FY20. The company sold 4,425 road wheels in the quarter,…
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Industrial scale additive manufacturing company Titomic will supply tooling carbon fibre parts produced using its Titomic Kinetic Fusion process to UK-based Hockley Pattern & Tool. The companies see the deal as a foundation for future opportunities, as they will work collaboratively to deliver Titomic managing director, Jeff Lang said: “TKF for tooling has been proven…
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The Boeing Loyal Wingman has moved under its own power for the first time, ahead of planned flight by the year’s end. The prototype aircraft achieved a maximum speed of 14 knots (26 kilometres per hour) and demonstrated several activities while maneuvering and stopping on command, according to a statement from Boeing. Boeing is developing…
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Today @AuManufacturing’s Robotics adoption matters series turns to the collection and use of manufacturers’ data and the improvements this can bring. Jakes Mantle explains.
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Shipbuilder Austal has been forced to respond to claims in Channel 9 media that the ‘Australian Border Force is the target of a corruption investigation over allegations that it improperly funnelled $39 million’ to the Perth company. The sensational claims were said to involve payments associated with the construction of patrol boats for the force.…
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Energy Renaissance has announced Dr Bruce Godfrey as its new chair, replacing Su McCluskey, as it prepares to begin production of lithium ion batteries at its Tomago site. Godfrey’s roles include Fellow of Australian Academy of Technology and Engineering and Director at the Future Battery Industries Cooperative Research Centre Limited (FBI CRC.) McCluskey will stay…
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BAE Systems Australia has announced it will begin supplying passive radio frequency sensors to Norway’s Kongsberg Defence and Aerospace for use in the fifth-generation Joint Strike Missile. The purchase order was placed for an initial batch of the sensors was the “first Full Rate Production order and is part of a broader co-operation agreement” between…
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The $540 million Australian Business Growth Fund has been officially launched, despite legislation unlocking $100 million in Commonwealth funding still languishing in Parliament.
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