Grant funding delivered to develop Victorian defence manufacturing
10 February 23
The Australian government has awarded a $3 million grant to Melbourne-based Corvus Technology Solutions for the development of defence manufacturing in Victoria.
The funding will go towards installation of high-precision machinery at Corvus’ manufacturing facility, to produce precision parts and tooling for the defence, aerospace, automotive, medical device, and electronics industries.
This is part of the first round of funding from the Australian government’s wider $2.5 billion Modern Manufacturing Initiative (MMI).
Corvus operations manager Ryan Higgins said the funds received under the MMI would not only enhance Australia’s sovereign manufacturing capabilities, but also provide a significant boost to local employment.
“The $3 million awarded under the MMI will help us establish fully integrated, precision manufacturing capabilities at our facility and support the creation of more than 300 local manufacturing jobs over the next five years,” he said.
“It will also enhance our competitiveness to bid on more contracts in the growing defence manufacturing space, both here in Australia and internationally through growing partnerships with leading industry players such as Hanwha Defense Australia.”
Corvus has partnered with Hanwha Defense Australia to manufacture infantry fighting vehicle equipment for the Australian government’s LAND 400 Phase 3 IFV project.
Hanwha Defense Australia managing director Richard Cho said Hanwha’s Redback IFV is one of two tenders currently under consideration as part of the Australian Department of Defence’s LAND 400 IFV project.
“The partnership with Corvus in support of Hanwha Defense Australia in potentially delivering the next generation IFV to the ADF and support for other international campaigns builds on the strong industry links we are developing,” Cho said.
Hanwha Defense Australia has also partnered with Corvus to pursue other international defence contracts.
Source: Defence Connect