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…

New defence exports legislation likely

The federal government has committed to developing new legislation to tighten defence export controls following a review of the Defence Trade Controls Act 2012. Defence minister Christopher Pyne said today that Dr Vivienne Thom had completed her review of the act which controls the supply and, in some cases, publication of sensitive defence technologies. Releasing…

Canberra signs $50 billion submarine contract

The federal government has signed the much-delayed contract with France’s Naval Group (formerly DCNS) for the building of Australia’s new Attack class submarines. The $50 billion ‘strategic partnership agreement’ (SPA) to build 12 modified French submarines in Adelaide paves the way for the first boat, to be named HMAS Attack, to come into service in…

EOS joins the big league

Canberra-based Electro Optic Systems (ASX: EOS) has joined the list of Australia’s top 40 defence contractors published by the prestigious Australian Defence Magazine. The company, which makes laser systems to track space debris, optical telescopes, and remotely operated weapons (ROW) systems, is the country’s third largest SME defence business. EOS Defence CEO Grant Sanderson told…

Austal massively increases revenue forecast

Perth shipbuilder Austal (ASX: AST) has massively increased its earnings guidance for this financial year. In an announcement to the exchange it dramatically upped sales guidance from $1.3 billion for the year to $ 1.9 billion. @AuManufacturing reported earlier this month that the company was building a major sustainment business for the ships it was…

Machine outages but Quickstep reports progress

Machine outages, an industrial dispute and fallout from the US Government shutdown loom over Sydney composites manufacturer, Quickstep Holdings (ASX: QHL), but have failed to hold back the company’s progress. The company’s sales for the second quarter of 2019 reported today were up 3.8 per cent on the previous corresponding period to $15.8 million. The…

Drone manufacturer develops camouflaged UAVs

Drone manufacturer Simbiant Pty Ltd is recruiting to expand its development of a range of unmanned aerial vehicles (UAVs) and camouflaged drones. CEO Steve Auch-Schwelk said the company was using ‘active and adaptive technologies’ to hide UAVs in plain sight. Recruiting is underway to ramp up its aeronautics division to enter Phase-1 test flights of…

Austal builds sustainment business with new contracts

Perth based global shipbuilder, Austal (ASX: ASB) is building up a lucrative business of long term sustainment for the ships its builds. The company’s latest contract, worth US$16.3 (Aud$23 million) is for post delivery sustainment of the Littoral Combat Ship (LCS) 20, the future USS Cincinnati. This is on top of a recently announced US$21.1…