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The federal government has announced a $2 million investment into Melbourne-based company DefendTex for the continued development of cutting-edge technologies.
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Minister for Defence Industry Melissa Price and senator David Van made the announcement after visiting DefendTex's Melbourne headquarters, in which they toured the facility and learned more about their current projects with Defence.
The $2 million investment will be used to help DefendTex develop rocket propelled grenade technology for the Australian Defence Force.
The investment was delivered through the Defence Innovation Hub.
Minister Price said the Morrison government is delivering for small business, opening up more opportunities and creating more jobs in the Australian defence industry.
“The Morrison government is on the side of Australian workers in the defence industry,” Minister Price said.
“Small business is the backbone of the Australian economy and the Defence Innovation Hub is just one avenue for these businesses to succeed in our defence industry.”
Senator Van said DefendTex represented another outstanding success for a Victorian defence business, and highlighted the developing strength of Australia’s sovereign capabilty.
“DefendTex is an excellent example of how Victorian businesses are able to contribute to the broader research and development picture of our defence industry,” he said.
“I encourage Victorian manufacturers to look at the example set by DefendTex and work with us to support our service men and women through their research and development.”
DefendTex is an Australian owned and operated defence technology company based in Melbourne, with offices in Australia, the UK and US.
