Conroy raises hopes for defence industry development strategy

The Minister for Defence Industry Pat Conroy has again raised hopes the federal government’s Defence Industry Development Strategy now under development will lead to significant investment in Australian manufacturing and its workforce. Speaking at the 2023 Australian Strategic Policy Institute conference, Conroy said the strategy would establish the framework and principles for the direction of…

Q-CTRL, Diraq partner to expand quantum computing adoption

Leading Australian quantum computing software and hardware companies have partnered to on three multi-million-dollar projects to expand the commercial adoption of quantum computing. According to quantum error correction software company Q-CTRL and silicon based quantum hardware innovator Diraq, their partnership is the first stage of delivering new, high-impact quantum computing capabilities to the global market,…

Babcock the latest to prepare for role in future nuclear submarines

Babcock Australasia has become the latest company to ready itself for work supporting Australia’s deployment to Western Australia and ultimate construction of nuclear powered submarines in Adelaide. Fran Worthington was appointed to the role as inaugural Managing Director, Nuclear and ‘will take charge of Babcock’s contribution to the development of future military nuclear infrastructure and…

Manufacturing news briefs – stories you might have missed

Altech receives commitments for another $2.5 million in investment Altech Batteries announced on Monday that it has received binding commitments for shortfall shares, following a non-renounceable entitlement offer, raising an additional $2,538,000 before costs. Total proceeds worth $15,838,208 have now been raised, including $3,000,000 from the recent placement, as well as the allocation of $12,838,208…