Australian Defence Industry Minister Christopher Pyne has announced the initial investments to be made through the country's Defence Innovation Hub.

The hub’s initial three investments are worth A$887,000 ($673,535), which are a part of A$1.6bn ($1.21bn) that will be allocated for the development of innovative defence technologies.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Pyne said: “The Defence Innovation Hub is crucial in delivering the Government’s A$1.6bn ($1.21bn) commitment to develop local defence capability.”

Armor Composite Engineering will receive A$618,000 ($469,272) to develop a low-profile body armour system, which could be used by personnel in close protection roles.

"This innovation will seek to mature technology which will improve protection for Australian Defence Force members and ensure we keep up with new and emerging threats."

Pyne added: “This innovation will seek to mature technology which will improve protection for Australian Defence Force members and ensure we keep up with new and emerging threats.

See Also:

Another A$172,000 ($130,606) will be provided to SYPAQ Systems for a small, lightweight next-generation power generator for land environments that can be used by individual soldiers and vehicle-based forces.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In addition, Berkeley Information Technology will receive A$97,000 ($73,656) to provide a software solution for the protection of documents used on defence information and communication systems.

The Defence Innovation Hub was launched in December 2016 to support technology development.

The hub's launch coincided with the opening of Australia's Centre for Defence Industry Capability (CDIC), which will advise small-to-medium enterprises about proposals they wish to submit to the Defence Innovation Hub.

The CDIC will provide expert advice in business improvement, skills development, export and supply chains, supplier continuous improvement, and defence market preparedness.