Quickstep to supply F-35 vertical tail components in new contract
Quickstep Holdings has secured an $11.3 million purchase order for its Lot 17 F-35 vertical tail components from Marand Precision Engineering, a longstanding to Quickstep on the F-35 program.
Small business optimism declines as expectations for better business conditions worsens in December
The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12th consecutive month below the 49-year average of 98.
Cann Group expects record revenue growth of 111% in FY23
Pharmaceutical company Cann Group Limited announced its FY23 unaudited results, with its operating revenue expected to be approximately $13.5 million, representing growth of 111 per cent or 2.1 times compared to the prior year revenue.
XTEK wins new purchase order to support Australian Defence’s SUAS capability
ASX-listed company XTEK Limited has received a spare parts order from the Australian Department of Defence to support its newly acquired Small Uncrewed Aerial Systems (SUAS) capability, which was announced in December 2022.
Output, new orders drag down Global Manufacturing PMI in December
The global manufacturing sector experienced a further decline in December as a result of the downfall in output and new orders.
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Incitec Pivot sells US ammonia facility for $2.5b
Incitec Pivot Limited has agreed to sell its ammonia manufacturing facility in Waggaman, Louisiana to CF Industries Holdings, Inc. (CF) for USD 1.675 billion (AUD 2.5 billion).
New business index drags down US PMI Composite Output in December
December has seen a further decline in output for US private sector firms, according to the latest flash PMI data from S&P Global.
China’s manufacturing sector sees slight improvement in September
The Caixin China General Manufacturing PMI has slipped from 51.0 in August to 50.6 at the end of the third quarter, suggesting a marginal improvement and marking the second consecutive month of enhanced sector health.
Additive manufacturing set to drive $110B market by 2034, reports AM Research
Additive Manufacturing Research (AM Research) has released an updated analysis projecting that additive manufacturing (AM) applications will reach $24.5 billion in market impact by 2025 and expand to $110 billion by 2034.
Rio Tinto expands US production with new copper supply investment
Rio Tinto is strengthening its position in the US copper supply chain by investing in its Kennecott mine near Salt Lake City, Utah, through funding worth $498 million intended for the development of an area known as the North Rim Skarn (NRS).
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Australian Manufacturing Week 2026 to make Brisbane debut
Australia’s leading advanced manufacturing showcase, Australian Manufacturing Week (AMW), is set to return in 2026, marking its first-ever event in Brisbane.
