Eight companies secure manufacturing grants for submarine program

Grants boost submarine supply chain

Image: FranmarineEight Australian companies have received $2.9 million in funding to support the AUKUS nuclear-powered submarine program, as part of the latest round of the Defence Industry Development Grants program. The grants have been administered by the Australian Submarine Agency and form part of a broader funding round that allocated more than $17 million to 44 Australian businesses delivering priority defence capabilities. The latest all…

Eight companies secure manufacturing grants for submarine program

Manufacturing capability is a central focus of new funding announced for Australian industry, with the Australian Submarine Agency (ASA) supporting $2.9 million in grants to eight local companies involved in the AUKUS nuclear-powered submarine program. In a news release, ASA stated the funding forms part of the Australian Government’s Defence Industry Development Grants (DIDG) Program, which in its latest round allocated more than $17 million to…