Australian Prime Minister Anthony Albanese has announced an additional $99.5 million aid package for war-torn Ukraine, including further Australian made military vehicles. The aid was promised on a visit to Ukraine where he saw first-hand some of the devastation caused by Russia’s invasion, and following a request from President Zelenskyy for further support. Australia will…
The federal government has dramatically boosted the share of government procurement earmarked for Australia’s small and medium sized businesses. Finance minister Senator Katy Gallagher and small business minister Julie Collins announced revisions to the Commonwealth Procurement Rules (CPRs) on Friday that will double federal spending available to SMEs. The new CPRs now require that 20…
Aircraft engineering firm Stralis Aircraft and Queensland regional airline Skytrans Airlines will develop and trial Australia’s first zero-emissions hydrogen electric propulsion aircraft, based on a Beech 1900D airframe. Announced at the Regional Aviation Association of Australia Roadshow in Darwin, Stralis will design, build and flight test an integrated Hydrogen Electric Propulsion System (HEPS) centred around…
French group Thales Australia and global defence and security firm EXPAL Systems S.A. (EXPAL) have joined forces to establish an Australian sovereign manufacturing capability for large calibre naval munitions and fuses. The agreement will facilitate the technology transfer to Australia of Intellectual Property to develop manufacturing processes that will enable the local production of critical…
Clearbox Systems and defence contractor Lockheed Martin Australia (LMA) have successfully completed ground segment software integration as part of their work on a sovereign, end-to-end military satellite communications (MILSATCOM) system for defence. The Canberra communications software and hardware developer integrated its Foresight Centralised Monitoring and Control (CMC) and Electromagnetic Spectrum Management (ESM) applications with LMA’s…
Perth international shipbuilder Austal has been awarded a massive $4.35 billion contract for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC, pictured) for the United States Coast Guard (USCG). The breakthrough contract justifies Austal’s $100 million expansion of its Mobile, Alabama shipyard to manufacture both steel and aluminium ships, and…
Carbon dioxide capture company AspiraDAC has launched a solar powered Direct Air Capture (DAC) product, with its first customer planning to deploy the system this year. Global financial infrastructure company Stripe is the manufacturer’s first customer, purchasing the system through Frontier, an advanced market commitment launched in partnership with Alphabet, Shopify, Meta and McKinsey. Frontier’s…
The Australian Energy Market Operator (AEMO) launched its 2022 Integrated System Plan (ISP), outlining a 30-year roadmap of investments for the National Electricity Market (NEM). AEMO has involved more than 1,500 stakeholders – including policy makers, governments, consumers and energy industry representatives – to produce its third ISP, based on rigorous economic and engineering analysis.…
NERA opens way for energy companies to showcase their technologies Industry growth centre National Energy Resources Australia (NERA) has opened a pathway for energy technology companies to the Global Clean Energy Action Forum (GCEAF) event in Pittsburgh in September. NERA has launched LETs Pitch Australia, a supply chain development program aimed at Australian businesses developing…
Defence, communications and space manufacturer Electro Optic Systems has bolstered its capital position with a new raising from shareholders at the same time refocusing the business on its profitable defence businesses. The Canberra company, currently conducting a strategic review of its diverse and capital-hungry businesses, successfully raised $15 million in a placement with institutions and…