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XTEK secures $800K defence grant for product dev’t

Defence industry company XTEK has received two Department of Defence grants totalling $800,000 intended to purchase new advanced manufacturing equipment and accelerate product development.
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.