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.
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.
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.
Global factory output surge amid aggressive front-loading – JP Morgan
Global manufacturing production reached a near five-year high in May as clients purchased goods earlier to protect themselves against price increases and supply chain disruptions.
ClearVue Technologies appoints Martin Deil as CEO
Smart building materials company ClearVue Technologies has tapped Martin Deil as its Chief Executive Officer as the company looks to expand its global footprint with a focus on the US and European markets.
Hearing aid brand Cochlear sees positive FY 2022 financial results
ASX-listed hearing devices manufacturer Cochlear Limited has reported a record sales revenue of $1.6 billion for the end of fiscal year 2022, a whopping...
RV manufacturing flourishes with promising 2022 figures
The Caravan Industry Association of Australia has released manufacturing and import figures for 2022, with nearly 50,000 new registrations recorded and 28,031 new units sold in Australia up 17.1 per cent compared to the previous year.
Global manufacturing performance sees four-year peak – JP Morgan
The global manufacturing sector has seen its strongest performance since June 2022, pushed by higher rates in output and new orders.
ACTU calls for 7% pay rise for lowest-paid workers to keep up with inflation
The Australian Council of Trade Unions (ACTU) is calling for a seven per cent pay rise for workers, which would lift the minimum hourly rate to $22.88 and the minimum annual full-time rate by $2966 to take it to $45,337.28.
AML3D boosts US presence with new US Navy alloy testing contract
Wire Additive Manufacturing developer AML3D Limited has signed a contract for an alloy characterisation and testing program to support the US Navy’s submarine industrial base.
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Modular switchgear built for faster, verified panel builds
As switchboard builders face tighter programmes and increasing scrutiny around compliance, the way enclosure, busbar and separation concepts work together has a direct impact on build time and verification effort.
