In May last year, Advanced Braking Technology was chosen to provide a brake system for testing to Thales Australia.
Thales Australia is the manufacturer of the Hawkei vehicle.
The contract will allow the two companies to expand their customer base globally while showing their capability to meet the engineering requirements of Australian defence.
The contract marks Australia’s increasing ability in the its advanced manufacturing sector.
Local companies across the country are benefiting by taking up the opportunities created by the government for Australia’s defence industry.
Australian Minister for Defence Industry Melissa Price said: “Advanced Braking Technology has been successful with its testing and will now partner with VEEM to manufacture the system with a contract value of around A$2.1m ($1.4m).
“The equipment has been developed from the proven Failsafe brake system, which has been used extensively within the mining sector for many years, both in Australia and globally.
“Now our Australian Defence Forces (ADF) will benefit from this world-leading technology designed right here in Australia. This is a win for both Defence and these Western Australian companies.”
Separately, it is also set to acquire 251 Remote Weapon Stations (RWS) to enhance the protection of ADF during operations.