Defence companies vie for slice of $35 billion Australian frigate pie
Detailed planning for Australia’s Hunter Class Frigate Program is well underway as local companies vie for a slice of the $35 billion project.
Calix announces 144 per cent revenue increase for half-year
Chemical technology business Calix (ASX: CXL) has announced a sales revenue increase of 144 per cent in the first half of the financial year.
Titomic in breakthrough sale
Industrial scale additive manufacturing company Titomic has made a breakthrough sale of two massive production machines with the total sale valued at $25.5 million (US$16.8 million). The company changing deal is with Composite Technology, an Australian R&D and commercialisation division of a global defence product manufacturer. Titomic’s Titomic kinetic fusion (TKF) production process will be…
Matrix Composites recovers as sales boom
Underwater systems composite manufacturer Matrix Composites & Engineering has continued its turnaround posting an underlying EBITDA for the first half of $1.2 million, a $3.4 million improvement on the lost recorded in the previous corresponding period. The manufacturer of underwater buoyancy systems for the offshore oil and gas sector saw revenue increase from $11.3 million…
PCB maker eyes further JSF work internationally
Queanbeyan’s Lintek has upgraded its facility, and is attempting to increase its participation in the global F-35 program. Lintek employs roughly 50 at the site, and makes microwave and high-frequency printed circuit board using a patented “high vacuum deposition” process, enabling very accurate copper features to be created. It is a supplier to government departments,…
Maggie Beer drives improvement at Longtable Group
Food group Longtable has significantly reduced costs and improved profitability since Maggie Beer sold her eponymous food brand and joined the company as part-owner and director. Two of the company’s three brands, Saint David Dairy and Maggie Beer Products are cash flow positive and profitable with double digit EBITDA margins according to the company’s first…
Submarine local content sinks to 60 per cent
The local content figure for the $80 billion Attack class submarines to be built in Adelaide appears to be settling at 60 per cent.
Victorian government announces funding increase for recycling initiatives
The Victorian government has announced extra funding to encourage recycling and waste minimisation in the state’s businesses.
What next but graphene safety boots
Graphene materials company First Graphene and boot maker Steel Blue have developed a graphene enhanced safety boot. The companies showcased the new boots, which incorporate the carbon-based nanomaterial in thermoplastic polyurethane (TPU) boot soles and foam innersoles at a presentation at the company’s commercial graphene facility at Henderson in WA. The companies have developed a…
Blackmores to refocus after poor year
Vitamin manufacturer Blackmores is to refocus its business and streamline product development after net profit after tax plunged by 47 per cent to $18 million in the December half year. The Sydney company announced first half revenue down five per cent on the previous corresponding period to $303 million, with Australian sales down 20 per…