The federal government has withdrawn some defence product export permits to Israel due to the ‘high intensity conflict’ engulfing the Middle East.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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A new lager beer release has fuelled strong sales growth for Australia’s largest independently owned brewer Coopers Brewery. The launch of Coopers Australian Lager has helped family-owned Coopers to post a 1.5 percent rise in total beer sales for the 2024 financial year, defying a year on year 2,.6 percent decline in total Australian beer…
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Professor Thas Nirmalathas, Interim Dean since January 2024, will officially begin as Dean of the Faculty of Engineering and Information Technology at the University of Melbourne on Monday. Nirmalathas (pictured) is a professor on electrical and electronic engineering as well as a Fellow of both Engineers Australia and the Australian Academy of Technological Sciences and…
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The federal government is inviting submissions for the 2025 Australian Defence Export Catalogue, which it says is the nation’s flagship publication for promoting the defence industry and export-ready products is now in its eighth year. In a statement on Friday, it advised that submissions can be lodged via the Australian Defence Export Catalogue Portal up…
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New maintenance opportunities will be available to defence industry with the delivery of a new fleet of main battle tanks, with the first cohort of Australian Army soldiers completing training on operations and maintenance at Puckapunyal. Army will have a fleet of 75 of the Abrams M1A2 main battle tanks, with 46 already delivered from…
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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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Plant based food manufacturer Forbidden Foods has reported early cost savings and sales momentum following the strategic acquisition of Oat Milk Goodness (OMG) brand of oat drinks. The company told investors that the first full month of operations as a combined entity saw an initial round of cost savings complemented by strong monthly sales growth.…
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Long duration energy storage (LDES) developer and operator Hydrostor and the New South Wales (NSW) government have signed a Crown Lands agreement to enable the construction of the Silver City Energy Storage Centre designed to provide backup power to Broken Hill. With the region recently suffering prolonged energy supply blackouts, the project will support the…
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Crop protection and seed developer Nufarm has established a strategic R&D partnership to expand its bioenergy and sustainable oils platform technology originally sourced from CSIRO. The company’s Biomass Oil trait technology comprises a significant estate of patents and know-how that when deployed into crops boost accumulation of oil in plant tissue, increasing oil yields from…
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Shares in aerospace composites manufacturer Quickstep increased 94 percent today to reach 38 cents on news of a takeover offer that would see the company join an expanding and market leading group of defence suppliers majority owned by CPE Capital. CPE Capital is a highly experienced provider of development capital to medium sized growth businesses…
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