The Federal Government is investing $3.4m in innovative Australian businesses to support the delivery of cutting-edge defence capabilities while creating highly skilled jobs and boosting local manufacturing.
The latest round of the Defence Global Competitiveness and Sovereign Industrial Capability Priority programs will provide 50 per cent matching grants to 10 businesses, creating more than 50 jobs and helping to drive exports.
Grant recipients include a New South Wales company developing state-of-the-art counter-drone technology, a South Australian producer of composite structures for guided munitions and hypersonic vehicles. It also includes a Queensland business that manufactures complex components for use in precision guided munitions and hypersonic vehicles.
This vital assistance adds to more than $100m already awarded to over 230 Australian businesses under the two grant programs which support delivery of capabilities prioritised in the Government’s response to the Defence Strategic Review.
Some of the latest recipients are:
- Aerobond (SA) receiving $849,876 to acquire and commission a 5-axis computerised numerical control machining centre, composite filament winding machine and related manufacturing capabilities for production and integration of composite structures and electronics in support of guided munitions, hypersonics and integrated defence systems.
- U-Neek Bending Co (VIC) receiving $631,833 to acquire and commission a Trumpf TruLaser Weld 5000 system for welding complex metal parts used in aerospace, land combat vehicles and munitions.
- Advanced Navigation (NSW) receiving $278,756 to acquire a wire bonder and associated equipment to establish a photonic chip assembly and characterisation capability, for use in inertial navigation and navigation Doppler Light Detection and Ranging (LiDAR) systems.
- Protonautics (QLD) receiving $245,267 to acquire and commission a computerised numerical control multi-tasking turning centre, measurement probes and non-destructive test capabilities to support the manufacturing of components for precision guided munitions and hypersonic vehicles.
Minister for defence industry, Pat Conroy stated, “The Government is committed to making sure Australian Defence Force personnel are equipped with the capabilities they need to keep Australians safe and protect our national interests.
“One the best ways we can do this is through Defence grant programs, which help businesses grow, creating highly skilled and well-paid jobs.
“Defence grant programs such as these support our industry to be innovative and competitive in the production of world-class defence technologies and platforms.”
Companies are invited to apply for grants through www.business.gov.au/grants-and-programs.