Market News

Queensland-based nanomaterials company White Graphene Limited is slated to work with global manufacturing giant Boeing after winning the Sustainability in Space Pitch Competition and clinching $100,000 in funding. 

Quickstep, a leading aerospace composite business in Australia, has partnered with ST Engineering’s Commercial Aerospace business to deliver nacelle maintenance, repair, and overhaul (MRO) across the complete range of Boeing and Airbus commercial aircraft in the Australasian market. 

ASX-listed global engineering firm Austin Engineering has reported a 525 per cent growth in net profit after tax (NPAT) in its 2022 financial report.  Austin...

Saunders International, a construction engineering company, has acquired Automation IT, a specialist automation and control systems engineering business, in a push to expand the former’s capabilities across industrial automation and technology solutions.

The Irish manufacturing sector recorded a second month of deteriorating operating conditions in December as new orders fell sharply, according to the latest AIB PMI® data. 

ASX-listed semiconductor developer Weebit Nano Limited has collected nearly $15 million in an upsized and scaled-back share purchase plan (SPP) for existing shareholders. 

Global manufacturing activity slipped back into contraction in July, as weak demand, lower exports, and cautious sentiment continued to weigh on production across major regions, according to the latest J.P.Morgan Global Manufacturing PMI.

American additive manufacturing company Markforged has reported that its first quarter results revenue increased by 10 per cent, to $24.1 million (AUD 36 million) from $21.9 million (AUD 32.7 million) in the same period of the prior year. 

Tritium, a Brisbane-based manufacturer of electric vehicle chargers, has released its first-half calendar year and full fiscal year results, reporting record revenue of $112 million for the first half of 2023, marking a remarkable year-over-year increase of over 286 per cent. 

ASX-listed drone manufacturer Nightingale Intelligence Systems is wrapping up the year with new contracts with global giants including energy company Haliburton and global information management company Iron Mountain.