Defence grant for precision manufacturing equipment
With our expanding customer and product opportunities and a strong pipeline of contracted engine development programs, we were delighted to receive funding via a Defence Global Competitiveness grant earlier this year to support our growth objectives.
The grant has gone towards the purchase of new specialist precision manufacturing equipment that will support our production targets in FY22 and beyond.
The grant was confirmed in a media release by Minister for Defence Industry The Hon Melissa Price. “The Defence Global Competitiveness Grant Program is continuing to grow and enable our defence industry to build greater export success,” said Minister Price.
We couldn’t agree more!
Learn more about our pipeline of contracted engine development programs in our latest investor presentation, presented at our Annual General Meeting in November.