What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) DroneShield awarded $4.3 million order from unnamed US government customer Drone detection and countermeasure company DroneShield has announced a repeat order of $4.3 million from an undisclosed US government customer. According to a statement to the ASX…
DroneShield moves to profit on increasing global tensions Drone countermeasure company DroneShield has confirmed it moved to profit in FY23 on the back of rising global tensions and Russia’s invasion of Ukraine. The company reported record contracts and growing cash receipts which reached $73.5 million in FY23, five times the previous year. More than 68…
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…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Ukraine war propels DroneShield to new records War brings no good to anyone but a few military contractors which boom during times of rising tensions – none more so than drone detection and countermeasure manufacturer DroneShield, writes…
Victoria’s Container Deposit Scheme in operation Victoria’s Container Deposit Scheme is now operating, providing consumers and businesses with a 10 cent refund for every eligible drink container they recycle. Eligible containers include most aluminium, glass, plastic and liquid paperboard (carton) containers which can be returned to refund points for payment. Refunds can be given as…
Defence manufacturer Electro Optic Systems has unveiled a laser Dazzler and anti-drone laser weapon system to its R800 large remote weapon station. Launched at INDO PACIFIC 2023 International Maritime Exposition, the new combination is aimed at countering air and seaborne threats. The laser Dazzler is a non-ballistic countermeasure against uncrewed aerial and seaborne threats, adding…
By Peter Roberts Cold cathode x-ray machine manufacturer Micro-X saw a strong uptick in sales in the September quarter, validating the company’s reorganisation and greater focus on sales and marketing. The company reported sales of $2.9 million in the September quarter, compared to total sales for FY23 of $3.8 million. Australian government sales necessary to…
DroneShield’s $10m share of big Ukraine order DroneShield has revealed its counterdrone equipment has been selected to deploy to Ukraine under the latest, $20 million Australian Government aid package. The company received multiple orders from the government with a total value to DroneShield of $10.4 million. $5 million of cash receipts from the $10.4 million…
Precision engineering manufacturer Australian Precision Technologies (APT) has received a contract from Kongsberg Defence Australia to manufacture components for the KONGSBERG Naval Strike Missile (NSM) Launchers to be delivered under Project SEA 1300. The NSM will replace the Harpoon Anti-Ship Missile currently on the Royal Australian Navy ANZAC class frigates and Hobart class air warfare…
Austin powers ahead on benefits from revamped manufacturing Perth mining equipment manufacturer Austin Engineering has reported an EBITDA of $31 million for FY23 on revenue up 27 percent on the previous year to $258 million. Operating cash flow for the year was $15.8 million, up 236 percent, with the company ending the year with an…
