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2024-25 Budget delivers record funding boost in Australia’s defence sector

The Australian Government is making an investment in the nation’s manufacturing capabilities as part of the 2024 National Defence Strategy, committing $50.3 billion over the next decade to enhance defence industry capability, as revealed in the recently released federal budget.

Australia taps Lockheed Martin for $500M next-gen air missile defence deal

The Australian Government announced an investment of $500 million in next-generation air missile defence technology to strengthen national security and fortify the Australian Defence Force (ADF).

German Army to receive over 100 Australian-made armoured vehicles

More than 100 Boxer Heavy Weapon Carrier vehicles will be built at Rheinmetall’s facility in Queensland as part of the Australian government’s defence export agreement with Germany. 

Raytheon Australia launches state-of-the-art collaboration hub in Queensland

Raytheon Australia, a subsidiary of RTX (NYSE: RTX), has inaugurated its cutting-edge Centre for Collaboration in southeast Queensland, marking a significant milestone in the company's 25-year investment journey in Australia.

UNSW launches Nuclear Innovation Centre with $7.5M donation from Tyree Foundation

The University of New South Wales has inaugurated the UNSW Nuclear Innovation Centre (UNIC), made possible by a $7.5 million donation from the Sir William Tyree Foundation, aimed at fostering research, scholarships, and academic positions in nuclear engineering.

Veteran-owned Albury company lands $33 million defence contract

The Australian Government has recently granted a $33 million contract to Albury-based company Australian Target Systems (ATS) in a bid to bolster smaller businesses and employment within the local defence sector.

Australia injects additional $399M into MQ-28A Ghost Bat development project

Over 350 new highly skilled jobs are expected to be created in Australia’s defence industry following the recent allocation of $399 million in federal funding for the MQ-28A Ghost Bat development. 

Army helicopter fleet support contracts to create hundreds of local jobs

The Australian government has invested a total of $830 million to sustain and support the Australian Army’s future helicopter fleet, creating hundreds of jobs in the local industry. 

Gov’t allocates over $3.4M to advance Australian defence manufacturing

The Australian government is injecting $3.4 million into innovative local businesses to boost cutting-edge defence capabilities, create skilled jobs, and support local manufacturing.

Australian Defence Force unveils next-gen drone prototypes in government-backed accelerator challenge

The Australian Government is championing innovation in the defence sector with the initiation of the Sovereign UAS Challenge, featuring the development of new-generation drone prototypes by 11 Australian companies.
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