Bisalloy’s profit growth flat Wear resistant and armoured steel manufacturer Bisalloy Steel Group sales tonnes were impacted in FY24 in Australia by protracted EBA negotiations in H1 and in Indonesia by import restrictions in place for much of the year. Despite this, strong pricing discipline and a favourable mix meant the company’s sales revenue of…
Bushmaster armoured vehicles arrive in Fiji The Minister for Defence Industry Pat Conroy has taken to social media to celebrate the successful export of Thales‘ Bendigo, Victoria manufactured Bushmaster Infantry Mobility Vehicles. Conroy released photographs of the vehicles on the ground in Fiji (pictured) and said: “Great to see 14 Australian made bushmasters delivered to…
Silentium doubles down on US market entry with senior appointment Passive radar systems manufacturer Silentium Defence has announced further commitment to the US market, posting co-founder and Chief Experience Officer, Simon Palumbo to Virginia. Palumbo will assume the role, Executive Vice President, Silentium Defense Corporation, and be responsible for in-country customer support, business development, talent…
Quickstep’s new drone order from Carbonix Composites manufacturer Quickstep has announced a significant follow-on order from Australian partner and advanced drone development company Carbonix. The urgent requirement for 40 Volanti airframes and associated non-recurring engineering is the largest yet received from Carbonix for this drone type. Valued at $1.35 million the order is scheduled to…
ABT’s record growth in FY23 Sealed heavy vehicle brake manufacturer Advanced Braking Technology has announced revenues of $14.7 million for FY23, a 25.1 percent increase on the previous year. The company was able to increase sales margins during the year by 5.97 percent to 49.9 percent. Net profit after tax was $1.47 million, a 129…
Medicinal cannabis grower and manufacturer Cann Group has seen sales more than double in the past year as the use of cannabinoid products take off in Australia. The company, which owns a GMP approved production facility at Mildura, Victoria (pictured), said sales revenue for the 12 months to June 2023 was an unaudited $13.5 million,…
Australian medical marijuana manufacturer Cann Group has received a $4.3 million tax incentive rebate for its R&D into medicinal cannabis. The rebate relates to its in-house research activities as well as activities conducted through its work with key partners. This work includes recent clinical trials of its low-dose CBD capsules’ efficacy in reducing short-term sleep…
