Queensland, Woolworths invest in manufacturing

The Queensland government and supermarket Woolworths have separately invested in early stage venture and development capital to support manufacturers. Queensland treasurer Cameron Dick announced the state had backed a $61 million capital raising by Gold Coast-based rocket manufacturer Gilmour Space Technologies. He did not reveal the size of the state’s investment, however the capital injection…

EOS achieves $20m sales to Australian defence

Space, communications and defence manufacturer Electro Optic Systems has notched up sales of more than $20 million to the Australian Defence Force over the past month. The company told investors the contracts cover advanced technology research and development activities in electro-optic sensors, Cobra satellite terminals from its EM Solutions subsidiary and sustainment contracts. “The contracts…

CRC program stands alone in federal industry backing

Comment by Peter Roberts The cooperative Research Centres (CRC) program has assumed even greater importance to the future of manufacturing with the likely demise of the growth centres initiative, though the CRCs too need further federal commitments in the short term to continue their good works. The CRC’s match federal money with cash and in…

$20 million innovation grants take defence spend above $300 billion

The federal government is trumpeting forward spending commitment’s for defence passing the $300 billion mark, following the release of the Defence Innovation Hub’s latest contracts. While there are question marks over the future affordability of this outlay, it represents a massive push to replace a huge range of defence equipment since the coalition came to…