New round of Sovereign Industrial Capability Priority Grants announced

The government today award $2.4 million under the Sovereign Industrial Capability Priority Grants program to local businesses looking to boost their capability.

FILE PHOTO: An MRH-90 maritime support helicopter on HMAS Canberra. Photo by Leading Seaman Jake Badior.

Minister for Defence Industry Melissa Price said the Sovereign Industrial Capability Priority Grants were about scaling-up our defence industry to support Defence’s most critical capabilities.

“The funding we’re providing these seven businesses will help build capacity and resilience,” Minister Price said.

“Australia’s defence industry will play an essential role in our economic recovery post-COVID-19 so it’s vital we continue these investments.

“New South Wales-based Owen International supports advanced electrical systems used by the ADF in maritime environments.

“Their grant funding will be used to establish test facilities for visual landing aids and advanced fire-control systems.”

Minister Price said another recipient, Western Australia’s Future Engineering, was upgrading its machining capabilities to continue to support ADF maritime and land-based platforms.

“This funding will enable Future Engineering to invest in equipment and facilities to increase the cost effectiveness, speed and scale of their manufacturing.”

The Sovereign Industrial Capability Priority Grants program supports eligible Australian small businesses that provide significant contributions to one or more of the Sovereign Industrial Capability Priorities.

Grant applications can be made at any time through the Centre for Defence Industry Capability.

 

The Sovereign Industrial Capability Priority Grants announced today:

Company Grant Amount Details State
APS Adelaide Profile Services $437,760 Grant funding will be used to purchase equipment required for the construction of a storage facility that will expand manufacturing production to meet Defence requirements. SA
B.E. Switchcraft $149,697 Fund manufacturing plant and equipment, improve productivity and enhance employee skills.  SA
Future Engineering $421,237 Purchase capital equipment and to undertake building modifications that will increase the cost-effectiveness, scale, and speed of manufacturing. WA
Glyde Metal Industries $207,880 Purchase, install and commission capital equipment and train staff in its operation to increase efficiency in production. VIC
The Dynamic Engineering Solution $295,596 Purchase of capital equipment, and the design and construction of test facilities for military grade components in a controlled environment. SA
Owen International $64,216 Establish and commission a test and repair facility. NSW
XTEK $835,000 Fund plant, equipment and building modifications to establish state-of-the art production facilities. ACT

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Brian Hartigan

Managing Editor Contact Publishing Pty Ltd PO Box 3091 Minnamurra NSW 2533 AUSTRALIA

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