The Australian Government awarded a A$2 million ($1.36 million) contract to DefendTex to develop rocket-propelled grenade technology for the Australian Defence Force. The contract was awarded through the Defence Innovation Hub.
The Turnbull Government completed the acquisition of full ownership of Snowy Hydro Limited, paving the way for the Snowy 2.0 expansion project. The deal funds infrastructure investments in New South Wales and Victoria.
BAE Systems was selected for Australia's SEA 5000 project to build nine Hunter class frigates, valued at $35 billion. Construction will begin in Adelaide in 2020, with ships entering service in the late 2020s.
Bisalloy Steels announced it will supply BISALLOY Armour steel for the production of over 200 Boxer Combat Reconnaissance Vehicles under the Australian Government's $5.2 billion LAND 400 Phase 2 programme, to be manufactured by Rheinmetall in Queensland.
Rheinmetall's Boxer 8x8 Combat Reconnaissance Vehicle has won Australia's Land 400 Phase 2 Project contract, a Au$5.2 billion ($4.1 billion) acquisition to supply 211 vehicles to replace the Australian Light Armoured Vehicle fleet. The contract includes up to 1,450 jobs and Au$2.8 billion in Australian content.
The US Government announced Australia as one of four countries to be a regional hub for maintenance, repair, overhaul and upgrade of Joint Strike Fighter components, worth an estimated $80-100 million AUD to the Australian economy.