Eight grants to develop priority defence capabilities

Eight small to medium-sized businesses delivering priority capabilities for Defence will be assisted by federal government grants totalling $3.47 million. The Defence Global Competitiveness and Sovereign Industrial Capability Priority grant programmes help Australian businesses boost manufacturing, harness their expertise and increase jobs. The latest recipients are: QPE Advanced Manufacturing (pictured) will receive $1 million to…

New strategy to support defence industry

The federal government has today released a plan that defines the strategic rationale for a sovereign defence industrial base and aims to maximise support for Australian industry, including SMEs and its critical contribution to national security. The Defence Industry Development Strategy (DIDS) outlines: Focus areas for the defence industrial base Procurement reforms including simplifying contracting…

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…