Calix grows on revenue and margin gains in water businesses Industrial technology company Calix has reported a gross profit up 126 percent on the previous corresponding period to $12.2 million on revenue and other income up 28 percent to $16.3 million for the half year ended December 31, 2023. Growth was driven by revenue and…
Perth shipbuilder Austal has been awarded a contract extension for the construction of two additional Evolved Cape-class Patrol Boats for the Royal Australian Navy. The $157 million contract follows the procurement announcement made by the Commonwealth of Australia (CoA) on 23 November 2023 and brings the total number of Evolved Cape-class Patrol Boats being delivered…
Orica the latest to create value from unused land Chemical and explosives business Orica has sold 66 hectares of unused industrial land at Deer Park in Melbourne to UniSuper for $260 million. The sale, stage 1 of a land sale process, netted a net profit after tax of $173 million for the Melbourne company. The…
Austal’s 18th LCS warship for the US Navy completes acceptance trials The future USS Kingsville constructed by Austal USA, part of the Perth-based shipbuilder Austal, has successfully completed acceptance trials in the Gulf of Mexico for the U.S. Navy. During acceptance trials, comprehensive testing is conducted on the ship’s major systems and equipment in order…
By Peter Roberts For those hesitating on embarking on a company improvement process hesitate no longer – Perth mining equipment manufacturer Austin Engineering has shown the massive benefits available from reorganising and streamlining operations and investing in new machinery and manufacturing processes. The company, which manufactures large dump truck bodies for the mining sector and…
Perth shipbuilder Austal has been awarded a contract to construct a 32-metre catamaran for Rottnest Fast Ferries, based in Hillarys, Western Australia which will operate to the leisure destination island offshore of Perth. Collaborating with vessel designer Incat Crowther, Austal will begin construction of the aluminium catamaran at the company’s Philippines shipyard in the first…
Austal receives $1.3bn order from US Navy Shipbuilder Austal‘s US arm has received a $1.28 billion ‘undefinitised’ contract award (UCA) for the final design and construction of three Expeditionary Medical Ships (EMS) from the United States Navy. The EMS is based on Austal’s proven Expeditionary Fast Transport ship (EPF) platform and will be manufactured in…
The Group CEO of the biggest Australian-owned supplier of military munitions has laid out a detailed plan to mobilise the nation’s defence industrial base, emphasising “it’s time for urgency, optimism and action”. Speaking to the National Press Club in Canberra, NIOA Group CEO Robert Nioa released a report which calls on the Australian Government to…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) BlueScope unveils vision for Port Kembla Steelworks land BlueScope Steel has unveiled a Master Plan to develop 200 Hectares (Ha) of non-steelmaking, excess landholdings adjacent to the company’s Port Kembla Steelworks in New South Wales. The Master…
By Peter Roberts The federal government has moved to secure the future of Austal’s Perth shipbuilding operation and its Henderson yard (pictured) in Western Australia. Defence has entered into a new strategic partnership with Austal which will see 18 of the Army’s new Landing Craft Medium built at Henderson. Austal will also deliver two new…