This week Russell Mineral Equipment was announced as the National Reconstruction Fund Corporation’s first investee, with the NRFC taking a $40 million stake in the company alongside US-based private equity firm Resource Capital Funds. Earlier this year, RME was a gold award winner in @AuManufacturing‘s Australia’s 50 Most Innovative Manufacturers campaign for 2024. Below is…
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Defence manufacturer Electro Optic Systems has sold off its naval satellite communications arm EM Solutions only five years after buying the business, further focusing EOS on its core business of Remote Weapon Systems. EOS entered into a binding share sale agreement to sell the Brisbane subsidiary to UK listed Cohort plc for an enterprise value…
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Navigation and autonomy manufacturer Advanced Navigation and European innovator NILEQ have signed a MoU to co-develop a resilient navigation system integrating its MBDA NILEQ absolute positioning technology. The co-developed solution will foster joint technology development between AUKUS partners the United Kingdom and Australia, and provide resilient absolute positioning for airborne platforms. The development comes amid…
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Gilmour Space Technologies has announced that it will provide a bus that will be part of an upcoming earth imaging satellite to be launched from India. In a statement on Thursday from Gilmour – best known as a launch services provider and rocket builder – it said its ElaraSat bus will be part of a…
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The Australian Aluminium Council has announced that it will integrate the Australian Aluminium Extrusion Association, saying this will create “a unified, independent advocacy voice” spanning “mine to market” for the sector nationally. In a statement on Thursday, the AAC said it will consolidate the other association into its membership and organisational structure. It said the…
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Winners were announced at a gala dinner in Canberra on Wednesday for the Australian Export Awards, now in their 62nd year, from a field of 88 finalists creating combined export earnings of more than $7.8 billion The Manufacturing and Advanced Materials category was taken out by food processing and packaging company TNA Solutions. TNA was…
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Satellite and space systems manufacturer Fleet Space Technologies has successfully demonstrated two-way voice and data (TVAD) satellite communications for the Australian Defence Force in support of the ASCEND2LEO satellite communication programme. Developed as part of a $6.4 million contract with Defence, Fleet Space’s TVAD demonstration included a full duplex satellite communications system, enabling two-way voice…
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Food processing and packaging machinery manufacturer TNA Solutions is offering food manufacturers technology that would enable them to create a digital twin of their operations and plan new investment to minimise disruption. Part of TNA’s Industry 5.0 offerings, tna intelli-assistTM delivers 95 percent manufacturing investment planning accuracy and reduces reworks down to zero, according to…
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Smart sensor manufacturer Infinity Avionics has been contracted by entX Limited to design and manufacture parts of their Radioisotope Heater Unit (RHU) Demonstrator Payload designed to provide heat to spacecraft during the lunar night. An RHU is a novel thermal solution for interplanetary space missions that will revolutionise future rover and lander missions, with Infinity…
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Automotive, aerospace and defence manufacturer PWR Holdings expects H1 FY25 net profit after tax to be between $3.2 million and $3.7 million, below the NPAT of $9.8 million achieved in the first half of FY24. The profit figure includes expenses incurred with PWR’s new $22 million headquarters at Stapylton on the Gold Coast which opened…
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