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Defence Industry Minister Pat Conroy has announced the latest round of the Defence Global Competitiveness and Sovereign Industrial Capability Priority (SICP) grants worth $3.4 million for 10 Australian defence businesses.
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This latest round of the Defence Global Competitiveness and Sovereign Industrial Capability Priority programs will provide 50 per cent matching grants to 10 businesses, creating more than 50 jobs and helping to drive exports.
The latest recipients include NSW-based company DroneShield to develop state-of-the-art counter-drone technology, a South Australian producer of composite structures for guided munitions and hypersonic vehicles, and a Queensland business that manufactures complex components for use in precision guided munitions and hypersonic vehicles.
Minister for Defence Industry, the Honourable Pat Conroy MP, stressed the importance of the Defence Global Competitiveness and Sovereign Industrial Capability Priority grant programs saying, “The Albanese government is committed to making sure Australian Defence Force personnel are equipped with the capabilities they need to keep Australians safe and protect our national interests.”
The latest round of recipients include:
- South Australian-based Aerobond receiving $849,876 to acquire and commission a 5-axis computerised numerical control machining centre, composite filament winding machine and related manufacturing capabilities for production and integration of composite structures and electronics in support of guided munitions, hypersonics and integrated defence systems.
- NSW-based Advanced Navigation receiving $278,756 to acquire a wire bonder and associated equipment to establish a photonic chip assembly and characterisation capability, for use in inertial navigation and navigation Doppler Light Detection and Ranging (LiDAR) systems.
- NSW-based Armor Australia receiving $122,970 to acquire and integrate a fabric cutting system for application to multilayered ballistic protection materials for use in soft or hard compression moulded body armour.
- Queensland-based Protonautics receiving $245,267 to acquire and commission a computerised numerical control multi-tasking turning centre, measurement probes and non-destructive test capabilities to support the manufacturing of components for precision guided munitions and hypersonic vehicles.
- South Australian-based JTM Gaskets receiving $83,559 to acquire a high-speed cutting machine for precision use with thicker and harder materials used in gaskets for maritime and communications applications.
“One the best ways we can do this is through Defence grant programs, which help businesses grow, creating highly skilled and well-paid jobs. Defence grant programs such as these support our industry to be innovative and competitive in the production of world-class defence technologies and platforms,” Minister Conroy said.
This vital assistance adds to more than $100 million already awarded to over 230 Australian businesses under the two grant programs which support delivery of capabilities prioritised in the government’s response to the Defence Strategic Review.
Companies seeking to apply for the Defence Global Competitiveness and Sovereign Industrial Capability Priority (SICP) grants can find more information here.
