Corvus to boost precision manufacture with MMI funds

Melbourne-based Corvus Technology Solutions will install high precision machinery at its’ defence manufacturing facility in Victoria, utilising recently announced funding in the first round of the federal government’s Modern Manufacturing Initiative (MMI).

This will enable Corvus to produce a large number of precision parts and tooling with very high accuracy and consistency for the defence, aerospace, automotive, medical device and electronics industries, among others.

Corvus was the successful recipient of a $3 million grant under the MMI.

Corvus Operations Manager Ryan Higgins said the funds would not only enhance Australia’s sovereign manufacturing capabilities, but also provide a significant boost to local employment.

Higging said: “The $3 million awarded under the MMI will help us establish fully integrated, precision manufacturing capabilities at our facility and support the creation of more than 300 local manufacturing jobs over the next five years.

“It will also enhance our competitiveness to bid on more contracts in the growing defence manufacturing space, both here in Australia and internationally through growing partnerships with leading industry players such as Hanwha Defense Australia.”

Corvus is currently working with Hanwha in a bid to manufacture crucial equipment for the Australian Defence Force’s (ADF) next-generation of infantry fighting vehicles (IFVs) under the Government’s LAND 400 Phase 3 IFV project.

Hanwha and Rheinmetall Defence Australia are competing to provide 300 IFV‘s under the project whose cost is said to be a massive $18-27 billion.

Corvus is also working with Hanwha to pursue other international defence contracts.

Hanwha Defense Australia Managing Director Richard Cho said: “The partnership with Corvus in support of Hanwha Defense Australia in potentially delivering the next generation IFV to the ADF and support for other international campaigns builds on the strong industry links we are developing.”

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Picture: Corvus Technology Solutions (CTS)