$4.35 Million Investment for Veteran-Owned South Australian Space Company
20 August 22
The Australian Government has signed a $4.35 million contract with veteran-owned South Australian company, Asension, to deliver a space-based tactical sensor system for use by Defence.
The contract, awarded through the Defence Innovation Hub, demonstrates the Government’s commitment to collaborating with defence industry and leveraging the ingenuity that resides across Australia to deliver a capability edge for Defence.
Minister for Defence Industry, the Hon. Pat Conroy MP, who visited Asension’s headquarters in Adelaide on Thursday 19 August 2022, said sovereign, space-enabled capabilities are critical to the future of Defence.
“The government’s partnership with innovative small businesses such as Asension will be critical to growing a robust, resilient and innovative industrial base for space technologies in Australia,” Minister Conroy said.
“Under this contract, Asension will continue the development of a sovereign, space-based tactical sensor system.
“If successful, this technology will enhance the Australian Defence Force’s (ADF) capability in the space domain through greater situational awareness and visibility.”
The contract follows Asension’s success in maturing their sensor technology through a previous Hub contract awarded in 2020. This latest investment will continue the strong collaboration with the ADF in progressing the development of a tactical sensor that will be at the cutting edge.
“This investment will help build Australia’s sovereign space industry and skilled workforce,” Minister Conroy said.
The Chief Executive Officer of Asension, Ian Spencer, said the contract was an exciting opportunity for the small business to grow its workforce and to progress important space capability for Defence.
“This contract has been pivotal to the successful development of this capability to date and has enabled Asension to grow as a company.”
“The Government is focused on nurturing Australian defence innovation, while supporting veteran-owned businesses who bring the expertise and experience to solve Defence’s tactical and strategic challenges,” Minister Conroy said.
Industry and research organisations can submit innovation proposals at any time through the Defence Innovation Portal at: www.innovationhub.defence.gov.au.
Source: Defence Press Release