Leading Caloundra aerospace company HeliMods has received $150,000 under the Defence Global Competitiveness Grants program to boost its capacity to make components with shorter lead times and reach new opportunities in global markets.
HeliMods is a world-leading provider of aircraft special mission systems and equipment that offers vertically integrated, Industry 4.0 digital technologies.
Defence Industry Minister Melissa Price said the grant would help the Sunshine Coast business to reach new opportunities in global markets.
“The funding is part of the Morrison Government’s commitment to building a stronger, more sustainable and globally competitive Australian defence industry,” Minister Price said.
“HeliMods has used its funding to purchase plant and equipment to manufacture large machined components used in the modification and upgrade of military and paramilitary helicopters.
“In 2019, while leading a major defence trade expo with Australian companies, I announced HeliMods had received funding support to help them on the global stage.
“These grants are another way the Morrison Government is helping small businesses reach their export goals faster.”
Member for Fisher, Andrew Wallace, described HeliMods as a ‘great local success story’ that was looking to grow stronger on the international stage.
“HeliMods is proof that the Sunshine Coast can lead the way, and I was really pleased to be able to arrange a virtual tour for Minister Price of their Caloundra facility in August,” Mr Wallace said.
“COVID border restrictions weren’t going to stop us demonstrating to the Minister the great work of this Sunshine Coast firm.
“HeliMods’ ability to deliver world-leading capabilities is known throughout Australia, and sought globally, as proven by their growing export opportunities into North America, Europe and Asia.
“I’ll continue to work hard to support more local companies to take up the opportunity to expand overseas, strengthening our local defence industry and creating more diverse opportunities for Sunshine Coast locals.”
Applications for the Defence Global Competitiveness Grants, which are available to Australian small-to-medium enterprises seeking international accreditations, procuring capital items and more, can be made at any time through: https://www.business.gov.au/dgc