The Hon Melissa Price MP
The Hon Melissa Price MP

Canberra, May 18, 2020 AEST (ABN Newswire) - The Morrison Government is continuing to invest in Australia's growing defence industry, awarding $2.4 million to local businesses looking to boost their capability.

Minister for Defence Industry, the Hon Melissa Price MP, said the Sovereign Industrial Capability Priority Grants are about scaling-up our defence industry to support Defence's most critical capabilities.

"The funding we're providing these seven businesses will help build capacity and resilience," Minister Price said.

"Australia's defence industry will play an essential role in our economic recovery post-COVID-19 so it's vital we continue these investments.

"New South Wales-based Owen International supports advanced electrical systems used by the ADF in maritime environments. Their grant funding will be used to establish test facilities for visual landing aids and advanced fire control systems."

Minister Price said another recipient, Western Australia's Future Engineering, is upgrading its machining capabilities to continue to support ADF maritime and land-based platforms.

"This funding will enable Future Engineering to invest in equipment and facilities to increase the cost effectiveness, speed and scale of their manufacturing."

The grants program, established by the Morrison Government, support eligible Australian small businesses which provide significant contributions to one or more of the Sovereign Industrial Capability Priorities.

Grant applications can be made at any time through the Centre for Defence Industry Capability.

The Sovereign Industrial Capability Priority Grants announced today:

State: SA
Company: APS Adelaide Profile Services
Grant Amount: $437,760
Details: Grant funding will be used to purchase equipment required for the construction of a storage facility that will expand manufacturing production to meet Defence requirements.

State: SA
Company: B.E. Switchcraft
Grant Amount: $149,697
Details: Fund manufacturing plant and equipment, improve productivity and enhance employee skills.

State: WA
Company: Future Engineering
Grant Amount: $421,237
Details: Purchase capital equipment and to undertake building modifications that will increase the cost-effectiveness, scale, and speed of manufacturing.

State: VIC
Company: Glyde Metal Industries
Grant Amount: $207,880
Details: Purchase, install and commission capital equipment and train staff in its operation to increase efficiency in production.

State: SA
Company: The Dynamic Engineering Solution
Grant Amount: $295,596
Details: Purchase of capital equipment, and the design and construction of test facilities for military grade components in a controlled environment.

State: NSW
Company: Owen International
Grant Amount: $64,216
Details: Establish and commission a test and repair facility.

State: ACT
Company: XTEK
Grant Amount: $835,000
Details: Fund plant, equipment and building modifications to establish state-of-the art production facilities.

To view the Minister's Release, please visit:
https://www.abnnewswire.net/lnk/8A2AY90A


Contact

The Hon Melissa Price MP
Minister for Defence Industry
Media contacts
Kathy Quinn (Minister Price's office)
T: +61 468 369 301
Charlotte Butler (Minister Price's office)
T: +61 406 338 521
Defence Media: media@defence.gov.au


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 11) (Last 30 Days: 44) (Since Published: 2695)