Another $2.4 million in SICP grants to local defence industry announced

Another $2.4 million in SICP grants to local defence industry announced Minister for Defence Industry Melissa Price has announced the award of $2.4 million in grants to local defence industry businesses seeking to boost their capability. The awards come under Sovereign Industrial Capability Priority (SICP) Grants designed to scale up Australia’s defence industry to support Defence’s most critical capabilities, through the Centre for Defence Industry Capability (CDIC). “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. She cited New South Wales-based Owen International, who is receiving more than $64,000 under the program, for its work supporting 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. Another recipient, Western Australia’s Future Engineering, is 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 grants program, established by the current government in 2018, is used to support eligible Australian small businesses which provide significant contributions to one or more of the Sovereign Industrial Capability Priorities. Grant applications can be made at any time through the CDIC’s website. The list of recipients for the SICP grants announced today are: 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 Download the latest issue of APDR here. For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] Online Editorial Mike Yeo at [email protected] For Advertising Inquiries Contact Director of Sales Graham Joss at [email protected]