A $1.2 million grant for Australia’s defence sector has been announced.
The grant has been designed to support the growth and export opportunities of 6 Australian businesses within the industry.
“Small businesses that develop some of the most innovative and world-leading defence capabilities are the backbone of Australia’s industrial base,” said Minister for Defence Industry Melissa Price.
“From acquiring new specialist components, to manufacturing engines for unmanned aerial vehicles, or making new static targets for international customers, these 6 small businesses are expanding into global markets, generating local jobs and strengthening the sovereign industrial base on which Defence relies.”
Two South Australian companies are among the grant recipients: JTM Gaskets and ElectroCad Australia.
JTM Gaskets is set to receive $211,260 which will be used to purchase new equipment to increase production volumes.
Electro Cad will receive $240,000 to install a clean room and purchase equipment to manufacture complex defence components.
Sourced from Defence SA’s website: SA companies share in $1.2 million defence funding boost and ADM’s website: Defence exporters receive $1.2m grant funding