Australia’s defence sector continues to receive growth and export opportunities thanks to the Australian Government’s Defence Global Competitiveness Grants Program.
Under the Program, Minister for Defence Industry Melissa Price announced over $1.2 million in grant funding to boost the export capability of six Australian small businesses.
“Small businesses that develop some of the most innovative and world-leading defence capabilities are the backbone of Australia’s industrial base,” Minister Price said.
“From acquiring new specialist components, to manufacturing engines for unmanned aerial vehicles, or making new static targets for international customers, these six small businesses are expanding into global markets, generating local jobs and strengthening the sovereign industrial base on which Defence relies.”
Under the Defence Global Competitiveness Grants Program’s $1.2 million boost, the six companies plan to do the following:
“The increasing overseas demand these Australian small businesses are experiencing is a testament to their world-leading ingenuity and capability,” Minister Price said.
“By supporting these companies to invest in new equipment or to increase their manufacturing capabilities, it is enabling them to increase their production capabilities and offer more competitive priced equipment internationally.”
SOURCE: DEPARTMENT OF DEFENCE MEDIA RELEASE
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