Six Australian defence exporters receive $1.2M boost
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:
- Western Australia-based Orbital Corporation will be using its $195,624 grant to meet increasing global export market demand. The company plans to expand its production capability for propulsion systems and flight componentry for tactical unmanned aerial vehicles.
- Gaardtech, a company located in Brisbane, also plans to use its grant of $166,000 to buy new equipment and increase its dedicated fabrication capabilities. This will allow them to increase their ability to meet further demand for international exports.
- Victorian business Trakka Corp was given a $193,192 grant, helping them acquire specialist equipment. The equipment will perform in-house environmental stress screening for components they produce, enhancing their quality assurance process and increase their export potential.
- South Australia’s JTM Gaskets plans to use its $211,260 to buy new equipment in order to produce a higher volume of products and expand into new export markets.
- Also in South Australia, Electro Cad Australia will use its grant of $240,000 to install a dedicated clean room. They will also buy new equipment to manufacture complex defence components, growing export orders with international Defence companies.
- Repetition Engineering from New South Wales will use its $240,000 grant to purchase specialist machinery and manufacture new machined components for export.
“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