Australian ship builder Austal has won a $143 million contract with the US Navy to build three Landing Craft Utility vessels, with the potential to expand the work. The win follows a previous contract for the detail design of the vessels and also includes the option for the construction of an additional nine vessels as…
Universities can apply for AUKUS funding for 4,000 more places Universities can now apply for additional Commonwealth supported places (CSPs) targeted at graduates in STEM courses, the federal government announced on Friday. The additional CSPs are designed to attract more students to train in engineering, mathematics, chemistry and physics and meet the needs of the AUKUS…
Ballistic armour and drone technology manufacturer XTEK continues to ride rising global insecurity, reporting another big jump in revenue in FY23. XTEK reported profit after tax of $6.1 million, up seven percent, on revenue up 54 percent to $89.4 million for the year. EBITDA profit was $10.9 million with the company ending the year with…
Austin powers ahead on benefits from revamped manufacturing Perth mining equipment manufacturer Austin Engineering has reported an EBITDA of $31 million for FY23 on revenue up 27 percent on the previous year to $258 million. Operating cash flow for the year was $15.8 million, up 236 percent, with the company ending the year with an…
Wirra Wirra in US export breakthrough McLaren Vale, South Australia winery, Wirra Wirra, has secured a landmark, exclusive deal with the world’s largest family-owned wine company, E. & J. Gallo Winery (Gallo) to export its range of wines across all 50 US states. Under the agreement, Wirra Wirra will be Gallo’s exclusive McLaren Vale supplier,…
Satellite communications SME Blacktree Technology has credited “increasing and diverse European demand” for an almost 400 per cent growth in export revenues in the last financial year to approximately $1.2 million. These contracts “represent the largest value of export sales” in the company’s history, it said on Thursday, with new partnerships formed in Italy, France…
Military and law enforcement uniform and equipment manufacturer Australian Defence Apparel (ADA) is expanding their existing membership of the Defence Industry Security Program (DISP) to cover their Bendigo, Victoria factory. Once the membership is extended to their 5000sqm facility in Bendigo this year, ADA will be the only uniform manufacturer that has achieved DISP membership…
Drone detection and countermeasure company DroneShield has announced a new feature called DroneLocator, allowing users to detect signals from Remote ID-compliant unmanned aerial vehicles (UAVs), as part of what it describes as a major firmware update. Remote ID is a technology incorporated into drones to send out signals about their location and who is flying…
Defence manufacturer Electro Optic Systems (EOS) has opened a new production line at its Canberra plant to manufacture the company’s new R150 Remote Weapon System (RWS). The RWS is the lighweight version of the company’s RWS design which allows soldiers to locate, point and fire guns, canon and missiles from inside the safety of an…
Leaders of Australia and the United States meeting in Hiroshima have agreed to prioritise improving information sharing and technology cooperation mechanisms required to advance defence and security collaboration, including through the AUKUS agreement. According to a statement released by the two leaders, US President Joe Biden plans to ask the United States Congress to add…
