South Australian automotive company Supashock has signed a landmark agreement to partner with defence contractor Rheinmetall.
The agreement, which was officially signed at Supashock’s Magill headquarters, follows a deal to develop active and passive suspension systems for implementation into trucks.
“Supashock is a great example of a local Adelaide business who was been able to diversify from an automotive background into the defence sector,” said defence industry minister Christopher Pyne.
“With 25 employees at its headquarters in Magill, a partnership like the one made with Rheinmetall, a significant global defence company, will only see that number grow and be sustained well into the future.”
The Turnbull Government has been able to help Supashock connect with Rheinmetall through the Centre for Defence Industry Capability (CDIC) under Defence’s Global Supply Chain initiative.
“Supashock also received a $468,887 commercialisation grant under the Turnbull Government’s Entrepreneurs’ Programme to help develop its dynamic suspension technology for armoured and protected defence vehicles in April this year,” Pyne said.
“I commend Supashock founder and owner, Oscar Fiorinotto, for striving to diversify into the defence industry market and as a South Australian, I urge other businesses to look at doing the same.”