Thomas Global delivers submarine control systems

Sydney defence manufacturer Thomas Global Systems has completed delivery of key components of the Integrated Ship Control Management and Monitoring System for Australia’s Collins submarine fleet. The delivery, under stage 2 of an obsolescence remediation project, was of hardware for the updated Distributed Control Modules and Fixed Conning Consoles for the boats. Thomas Global’s CEO,…

DroneShield finds way to get early access to R&D tax incentive

Australian anti-drone security company, DroneShield (ASX: DRO) has entered an agreement with R&D Capital Partners Pty Ltd which will enable it to access the equivalent cash to the R&D tax incentive long before they would otherwise receive it from the government. DroneShield has received the R&D tax incentive, most recently $500,000, each year it has…