Queensland Company Ferra Engineering has signed a $60 million deal with multinational aerospace and defence giant Boeing.
Ferra Engineering specialises in the design, manufacture, assembly and testing of aerospace structures and sub-systems.
Speaking at Ferra’s manufacturing headquarters at Tingalpa today, Queensland Premier Campbell Newman praised the high-technology manufacturer for its continued international success.
“This Queensland aerospace company began as a two-man operation in 1992 and has grown to become a great Australian success story with more than 130 employees,” Newman said.
He said that the Company had been awarded the contract to manufacture its Joint Direct Attack Munitions Systems (JDAM) for Boeing and pointed out that the contract is expected to generate in excess of $60 million in export sales.
“Ferra is a prime example of how Queensland companies are defying the challenges imposed on our exporting economy by the high Australian dollar,” Newman said.
According to Treasurer and Minister for Trade Tim Nicholls, the deal was made off the back of alliances formed during overseas government-led trade missions.
“In 2010, Ferra joined Trade and Investment Queensland (TIQ) on its first overseas aviation and defence mission to Europe and attended the popular French aviation forum, the Paris Airshow in 2011,” Nicholls said.