Market News

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. 

Nightingale Intelligent Systems, a provider of advanced security drones, announced an exclusive multiyear distribution agreement with public safety technology firm Arvensys Group in an effort to supply artificially intelligent security drones to Australia and New Zealand.

PPK Group Limited, a technology incubation and commercialisation, has completed the acquisition of majority interest in PowerPlus Energy (PPE), Australia’s largest privately-owned lithium battery manufacturer. 

VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024. 

The latest S&P Global Eurozone Manufacturing PMI reading rose for a third successive month to 48.8 in January, up from 47.8 in December. 

Global shipbuilder Austal has recorded FY2022 H1 revenue of $775.0 million supported by strong growth in the sustainment business, with revenue from the segment rising 67 per cent to $194.6 million.

Orica has reported $323 million in underlying earnings for the half-year that ended on 31 March, reflecting a 32 per cent increase on the prior corresponding period. 

The Global manufacturing sector is moving closer to stabilisation in November, according to the latest composite index from JP Morgan and S&P Global. 

ASX-listed company ReNu Energy is expanding its renewable and clean energy portfolio with a $1 million investment in Australian battery casing tech company Vaulta. 

ASX-listed biotechnology company Anteris Technologies has announced the successful use of its DurAVR THV biomimetic valve in a valve-in-valve (ViV) procedure.