Drone detection and countermeasure manufacturer DroneShield announced an $8.2 million repeat order this morning from a European defence customer. However, trading in the company’s shares on the ASX was then paused, pending a further announcement. DroneShield said that delivery of the latest order to a major European government agency was expected in the next three…
Electronics manufacturer REDARC has extended its defence businesses with the acquisition of electronic warfare specialist Asension which has been in voluntary administration. REDARC Defence & Space will continue Asension’s work at the forefront of electronic warfare, engineering, operations, and grow partnerships with universities, the Defence Science and Technology Group, and industry partners, according to an…
Defence engineering firm Babcock Australasia has launched a new International Engineering & Technology Hub in Melbourne, as part of increased research and development efforts including projects under the AUKUS pact. The $3.5 million Abbotsford facility will drive engineering initiatives supporting Babcock’s global operation and is designed as a collaborative environment for engineers and technologists to…
Levett Engineering has been awarded a contract by Kongsberg Defence Australia (KDAu) for the manufacture and supply of Stacking Frames for the Naval Strike Missile (NSM) capability being delivered under Project SEA 1300 Phase 1 – Navy Guided Weapons. Elizabeth South, Adelaide-based Levett Engineering is a precision component manufacturer and part of the ASDAM Group…
SciDev enters European PFAS treatment market Wastewater treatment company SciDev has entered the important European market for PFAS ‘forever chemicals’ treatment, securing its first commercial order in Europe. The contract with Swedish Hydro Solutions AB is for a containerised PFAS treatment system to remediate contaminated landfill site in Northeast Sweden. The initial value of the…
Defence manufacturer Electro Optic Systems has sold off its naval satellite communications arm EM Solutions only five years after buying the business, further focusing EOS on its core business of Remote Weapon Systems. EOS entered into a binding share sale agreement to sell the Brisbane subsidiary to UK listed Cohort plc for an enterprise value…
Navigation and autonomy manufacturer Advanced Navigation and European innovator NILEQ have signed a MoU to co-develop a resilient navigation system integrating its MBDA NILEQ absolute positioning technology. The co-developed solution will foster joint technology development between AUKUS partners the United Kingdom and Australia, and provide resilient absolute positioning for airborne platforms. The development comes amid…
Automotive, aerospace and defence manufacturer PWR Holdings expects H1 FY25 net profit after tax to be between $3.2 million and $3.7 million, below the NPAT of $9.8 million achieved in the first half of FY24. The profit figure includes expenses incurred with PWR’s new $22 million headquarters at Stapylton on the Gold Coast which opened…
The federal government has invested $60 million in quantum and counter disinformation technologies critical to defence and to a future made in Australia. The Advanced Strategic Capabilities Accelerator’s (ASCA) Emerging and Disruptive Technologies (EDT) programme has signed 21 contracts with Australian universities and industry partners. The investment was made under the National Defence Strategy and…
Submarine maintenance and construction staff working at government-owned shipyard ASC in Adelaide have been given wage parity with colleagues doing similar work in Perth – but it has taken a year long wage dispute to achieve it. In a dispute that saw ASC CEO Stuart Whiley dig in against union demands only to eventually decide…