Quickstep raises more than $10 million from shareholders

Composites manufacturer and technology developer, Quickstep Holdings (ASX: QHL), has raised at least $10 million from shareholders through a placement and an expanded share purchase plan. The company, which develops composites production technology and makes aerospace parts including for the F-35 Lightning fighter, will use the funds to strengthen its balance sheet and accelerate expansion.…

$60 million munitions plant planned for Queensland

The Queensland government has pledged $7.5 million to speed the development of a $60 million shell forging plant for Maryborough in the north of the state. Rheinmetall Defence Business, which is already manufacturing the Boxer armoured reconnaissance vehicle in Queensland, is planning the plant to support local defence sales The CEO of Rheinmetall Waffe Munitions…