Perth international shipbuilder Austal Limited, best known for its aluminium vessels, has broken ground on a new steel shipbuilding facility alongside its naval shipyard in Mobile, Alabama. Funded through a loan from the US Department of Defence of US$50 million matched by company funds, the $131 million facility will prepare Austal to compete for new…
By Peter Roberts ASC which built and sustains Australia’s Collins Class submarines in Adelaide has embarked on an ambitious project to fully digitise its shipyard operations. It is not clear whether the investment in Adelaide and Perth will put an end end speculation that further major Collins sustainment work could be shifted to Western Australia.…
By Peter Roberts A patch of dirt in Dubbo, NSW and a lot of hard work are starting to pay off as a second Australian rare earths producer becomes a reality in the form of Australian Strategic Materials. In the past week ASM received firm commitments from sophisticated investors to raise $65 million to kick-start…
SEA Electric buys big in batteries to cut costs Truck and van electric vehicle drive train manufacturer SEA Electric has put in a massive order from Soundon New Energy Technology for 1,000 EV battery sets. Soundon has been supplying SEA Electric since 2012, with the new purchase cutting kilowatt hour costs by 36 per cent.…
Space data company Myriota has this week taken a leap into the US and Canadian markets with its plan to connect remote sensors across the globe with the Internet of Things.
CSIRO-backed non-animal based foods business Nourish Ingredients has raised $14.5 million (US$11 million) in seed funding to accelerate commercialsation of its animal-free fermented fats and oils. CEO James Petrie said the company has secured an initial funding round co-led by leading venture capitalists Horizons Ventures and Main Sequence Ventures. Main Sequence is the venture arm…
A manufacturer of hi-tech welding equipment is embarking on a joint project with a huge global player that it hopes will help it gain a foothold in the lucrative defence manufacturing sector. By Andrew Spence.
Six Australian small businesses have shared in more than $1.3 million in federal government grants designed to boost their export potential. Defence industry Melissa Price today announced the latest recipients of grants under the Defence Global Competitiveness Grant Program. Price said: “We are helping businesses around the country to upgrade their manufacturing processes and equipment…
Southern Launch has become the first company to be granted a rocket launch facility licence by the federal government, opening the way for commercial sub-orbital launches from its Koonibba Test Range in regional South Australia (pictured). Industry minister Karen Andrews said today ensuring a regulatory framework that balances safety and entrepreneurism is crucial to growing…
Adelaide-based satellite manufacturer Fleet Space Technologies have successfully launched their fifth commercial nanosatellite and are looking to expand production in Australia.
