The federal government is investing $3.4 million in 10 defence manufacturers in the latest round of the Defence Global Competitiveness and Sovereign Industrial Capability Priority programmes announced today.
The new grants will provide 50 per cent matching grants to support the delivery of cutting-edge defence capabilities, creating more than 50 jobs and helping to drive exports.
Grant recipients include a NSW company developing state-of-the-art counter-drone technology, a South Australian producer of composite structures for guided munitions and hypersonic vehicles and a Queensland business that manufactures complex components for use in precision guided munitions and hypersonic vehicles.
The grants add to more than $100 million already awarded to over 230 Australian businesses under the two grant programmes which support the government’s response to the Defence Strategic Review.
The latest recipients are:
The Minister for Defence Industry Pat Conroy said the government was committed to making sure Australian Defence Force personnel are equipped with the capabilities they need.
Conroy said: “One the best ways we can do this is through Defence grant programmes, which help businesses grow, creating highly skilled and well-paid jobs.
“Defence grant programmes such as these support our industry to be innovative and competitive in the production of world-class defence technologies and platforms.”
Picture: Aerobond prototyping