Australian manufacturer CableX will receive government funding to support their entry into global supply chains under two of its defence grant programs.
CableX, a manufacturer of custom cables and harness assemblies based in Bentleigh, Melbourne, will receive support to partner with industry experts under the Boost Your Business Defence, Aerospace and Security stream and the Victorian Defence Industry Supply Chain Program (VDISCP) to help build on its track record of supplying to some of the world’s biggest defence companies.
The grants will support important compliance and accreditation requirements to enable CableX to supply parts and equipment for emerging opportunities in the defence sector including new vehicles, ships and submarines.
The (VDISCP) offers up to $100,000 and the Boost Your Business program offers up to $50,000 in assistance to help Victorian Small to Medium Enterprises (SMEs) compete for and win more defence, aerospace or security related work.
State industry and employment minister Ben Carroll visited CableX to announce the funding, which he said would help position the company for major defence opportunities like SEA 5000 and to export to defence contractors in Europe and the Asia-Pacific.
“Victoria is leader in defence manufacturing and these grants will help open new doors for CableX to secure more defence contracts – creating more jobs in Bentleigh,” Carroll said.
“We’ll always back Victorian companies so they can continue innovating and creating products that are in demand around the world – which creates jobs locally.”
CableX manufacturers and supplies custom cables and harness assemblies for the defence, transport and aerospace companies, including Airbus and Boeing. The company also supplies parts for the F35 Joint Strike Fighter and Hawkei land vehicle program, and exports electrical harnesses to Lithuania and Germany.
CableX is one of nine companies receiving a Defence, Aerospace and Security Boost Your Business Voucher. Other companies include Bayne Group Pty Ltd, Clarinox Technologies Pty Ltd, Doen Pacific Pty Ltd, LRM Technologies Pty Ltd, RMR Engineering Pty Ltd, Tieman Tankers, Towers Group Pty Ltd and Uniform Safety Signs Pty Ltd.