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…
Engineering and systems integration company SYPAQ’s unique cardboard drones are in service in Ukraine, and even took part in a recent bombing raid of Russian airports according to some media reports. The company’s Corvo Precision Payload Delivery System (PPDS) can launch, fly up to 120km and land by itself, delivering supplies or providing a low-cost…
Aerospace composites manufacturer Quickstep has deepened its involvement in the drone sector with a new agreement that gives it access to critical control technologies and systems. The Sydney company signed an exclusive manufacturing and engineering integration agreement with TB2 LLC of Breckenridge, Colorado for its TB2 Pod Interface system used to control Unmanned Aerial Systems…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Hypersonix signs US agreement, could supply up to 20 DART AE platforms to Kratos Brisbane-based hypersonic aircraft company Hypersonix Launch Systems and NASDAQ-listed Kratos Defense & Security Solutions have announced an “exclusive teaming agreement”, with Hypersonix to potentially…
By Peter Roberts The Department of Defence has called for information and ideas leading to the development of a small, capable and genuinely sovereign drone system to be developed and manufactured in Australia. The Department issued a Request For Information (RFI) which is an ‘industry engagement activity’ for the Advanced Strategic Capabilities Accelerator (ASCA)’s first…
Drone detection and countermeasure company DroneShield has launched a new target area-specific Satellite Denial System for disrupting drones (pictured). The company, which manufactures in Sydney as well as internationally, also revealed an initial order from a Defence customer – which as is usual it did not name – for its new denial systems. The company…
Aerospace composites manufacturer Quickstep moved back into the black in the fourth quarter FY23 as the company continued to recover from operational and supply chain issues that hit the global industry in FY22. The Sydney company told investors that it had experienced favourable outcomes in all three areas of its business leading to the positive…
Weapons systems made by Australia’s Electro Optic Systems and DroneShield are to be provided to Ukraine under a soon to be announced $1.3 billion aid package, according to media reports. Reuters reported that the new order would include defenses, counter-drone systems, exploding drones and ammunition. Among the systems to be delivered under the Ukraine Security…
Drone detection and countermeasure manufacturer DroneShield has been awarded a massive $33 million order from a US government agency. The order, for equipment and the provision of multi-year services, is the largest ever received by the company which operates a factory in Sydney. In line with company practice, the company did not name the customer.…