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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.

Lockheed Martin collaboration fast-tracks Australia’s missile manufacturing, bolsters long range strike capability

The Australian Government announced the initiation of Guided Multiple Launch Rocket System (GMLRS) missile manufacturing in the country by 2025, following the formalisation of a $37.4 million contract between the Australian Defence Department and Lockheed Martin Australia.

Australia invests additional $110M to cement Hunter Valley as F-35A Sustainment Hub

The Australian Government has doubled its initial investment with BAE Systems Australia to cement the Hunter Valley’s future as the Indo-Pacific hub for the sustainment of F-35 Lightning II aircraft. 

US Congress greenlights key measures in NDAA 2024 for AUKUS submarine transfer

The United States Congress has passed the 2024 National Defense Authorization Act (NDAA), a comprehensive legislation that not only addresses critical aspects of Australia’s nuclear-powered submarine program but also establishes key exemptions for both Australia and the United Kingdom from US defence export control licensing.
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Smarter energy decisions: GridBeyond unveils AI-powered Bid Optimiser in Australia

As Australia’s energy transition accelerates, businesses participating in the National Electricity Market (NEM) are facing growing challenges in managing their energy assets efficiently.