Apprentice and trainee commencements have continued their climb from Covid-affected lows and are now running at their highest level in eight years. The latest data from the National Centre for Vocational Education Research (NCVER) shows apprentice and trainee commencements grew nationally to 47,785 or 114 per cent in the June quarter 2021 compared with the…
Defence communications and technology company Codan has seen its shares jump in value by 13 per cent this week on news of a boom in sales and profits. The Adelaide manufacturer of HF radios for defence customers and hand-held metal detectors’s shares opened this morning at $9.78, up $1.11 since January 24. The run was…
By Denham Sadler Opposition Leader Anthony Albanese has made his case for government in a wide-ranging speech with a focus on sovereign capability and manufacturing. Albanese kicked off the election year with an address to the National Press Club, where he made his case for why Labor should take government from the Coalition. The Opposition…
Drone detection and countermeasure company DroneShield has announced the upgrading of the Artificial Intelligence (AI) engine that supports its RF drone and autonomous systems detection devices. The Australian/US company announced the enhancement of their RfPatrol, RfOne and DroneSentry-X drone detection and tracking platforms with the release of updated firmware for the devices. DroneShield capabilities are…
The federal government has stepped up the pace of hypersonic weapons research with the opening of Defence’s Australian Hypersonics Research Precinct at Eagle Farm in Brisbane. Defence minister Peter Dutton launched the $14 million Precinct which provides a location for defence, industry, universities and international partners to advance the understanding and use of hypersonic technology…
Hydrogen energy storage manufacturer LAVO and global trading company ITOCHU Corporation have signed a Memorandum of Understanding to explore opportunities to utilise LAVO technology, which could ultimately lead to future investment by Itochu in the Lavo company. Under the MoU, LAVO and ITOCHU will jointly investigate to develop a strategy for a hydrogen supply chain…
By Peter Roberts The CEO of defence contractor BAE Systems Australia Gabby Costigan has been promoted to Group Managing Director of Business Development for the global company, based in London. Costigan will move to the United Kingdom to take up the high-powered role during Q2 after a hand over period to new CEO of the…
By Denham Sadler Several Australian companies are manufacturing rapid antigen tests locally with government support but sending the kits offshore due to approval delays, with federal Labor slamming the government for leaving them “in limbo”. From this week, concession card holders can access 10 free RATs from pharmacies around the country over a three month…
Comment by Peter Roberts The graph tells you all you need to know about Australia’s – and the west’s – failure to secure the crucial processing stages of producing strategic and clean energy materials. Australia’s penchant for sending raw materials overseas unprocessed is well known from our focus on iron ore exports, and is obvious…
Radiopharmaceutical company Cyclopharm has reported record sales of its equipment and consumables and progress in securing approval for its Technegas technologies to be sold in the United States. The leading producer of lung imaging products reported record revenues in FY 21 in the range of between $17.5 million and $18 million, a rise of more…