DroneShield powers ahead in latest quarter

Sydney-based drone security manufacturer, DroneShield (ASX: DRO) powered ahead in the latest quarter substantially increasing cash inflows and reducing cash burn. The company, which makes DroneShield, DroneSentinel and DroneGun Tactical products to detect and eliminate threats from rogue drones, booked revenue of more than a million for the first time in the quarter ended 31…

Drone Shield to enter Middle East markets

Australian anti-drone security company, DroneShield (ASX: DRO) has signed a memorandum of understanding with Saudi Arabia’s Public Telecommunication Co to enter Middle East markets. Public Telecommunication’s STC Specialized group, which is ‘guided’ by the Saudi government to partner with leading foreign companies, has added DroneShield to its partner list. The company said in a statement:…

Quickstep advances new composites technologies

Composites manufacturer Quickstep Holdings (ASX: QHL) has announced two contracts which further commercialise its advanced manufacturing processes. The company is developing its Qure process for manufacturing composites without autoclaving, and its Quickstep lean Production System (QPS). CEO Mark Burgess said in an announcement: “We are continuing to develop our state-of-the-art process technologies to support both…

CSIRO and Boeing deepen partnership

CSIRO and Boeing have extended their long running research partnership, adding space industry to areas being jointly investigated. The two have collaborated since 1989, and will now work on five technology areas: advanced manufacturing, data analytics, energy, future insight consulting services, and space technology. CSIRO head Larry Marshall said: “Extending our partnership with Boeing into…

Boeing developing Australian unmannned fighter jet

The Australian government and Boeing have partnered to develop an unmanned fighter jet, the first combat aircraft developed locally since World War 2. In a stunning announcement at the Avalon air show, defence minister, Christopher Pyne said Australia was investing $40 million alongside Boeing developing the ‘Loyal Wingman’ aircraft. Pyne said: “The partnership will produce…

F-35 maintenance contracts awarded locally

A number of defence suppliers have been awarded contracts to repair, maintain and upgrade components on the F-35 Lightning fighter plane now coming into service with the RAAF. Announcing the contracts, defence minister, Christopher Pyne and defence industry minister, Steven Ciobo said they were evidence of the global competitiveness of Australian industry. Most were regional…