Federal government puts in $7 million in veteran-owned NSW company

The Morrison Government has shown its support of a next-generation, high-performance watercraft project currently being developed by veteran-owned NSW company The Whiskey Project, investing $7.35 million.

One of the biggest projects from the Government’s Defence Innovation Hub, The Whiskey Project has been flagged as critical to growing a sustainable and globally competitive sovereign defence industry by Minister for Defence Industry Melissa Price.

“This investment will support The Whiskey Project’s development of local naval design and manufacturing know-how that translates to an advantage for the Australian Defence Force and strengthens our performance in maritime operations,” Price said.

Tactical watercrafts such as Rigid-Hulled Inflatable Boats (RHIBs) are already in use by the Royal Australia Navy to provide high-speed interception and boarding capability.

The Whiskey Project combines composite material technology and a highly innovative ‘sea blade’ hull form in its new design, which provides enhanced stability and reduced shock and vibration, to adapt to multiple Defence needs.

“Investments like this are an example of the Morrison Government’s commitment to nurturing Australian defence innovation, while supporting veteran-owned businesses who bring the expertise and experience to solve Defence’s tactical and strategic challenges,” Price said.

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