Richard Marles found out the US greenlit South Korean companies to build submarines on US soil via a Trump social media post, as an update on Hanwha's bid to increase its Austal stake continues to be delayed.
Australia's first Navy Nuclear Power Safety Regulator has been established as part of the push to build the country's capabilities ahead of submarine rotational force west operations beginning in 2027.
Australia has taken a significant step towards a sovereign nuclear-powered submarine sustainment capability, with the USS Vermont arriving at HMAS Stirling for a four-week maintenance period today.
Anxiety over the protracted Foreign Investment Review Board decision on Hanwha Group's proposed increased stake in Austal was central to shareholder concerns at the shipbuilder's AGM today.
Microsoft Asia managing director for defence and intelligence Andy Wood has announced he will exit the tech giant in the coming days, the company does not plan to replace him.
The federal government has confirmed it will lend Austal $100 million to support growth at the company's Alabama shipyard, in a cross-border backing of the defence shipbuilder's ambitions.
The Ukrainian ambassador to Australia has advocated for collaboration on defence technology and critical minerals, even floating an idea for Ukrainian technology to be manufactured in Australia.
Western Australia will draw inspiration from over the border as it seeks to scale up defence industry in the state, with a move to legislate its first standalone statutory body for the sector.
Aurora Labs has reached a milestone, with the Australian Defence Force set to fund the company's prototype of a novel propulsion system for unmanned aerial systems.
Henderson-headquartered shipbuilder Austal will cancel construction of two US Navy towage and rescue boats after reaching an agreement to mitigate blown out construction costs.
Defence Minister Richard Marles says he won't get ahead of himself, despite reports this morning the Pentagon had concluded its review of the AUKUS pact, and that Australia's submarine deal was safe.
Perth-based extended reality specialists Vection Technologies have signed a record $22.3 million deal with a NATO-approved customer in Europe for the supply of its IntegratedXR platform.
ASX-listed contractors Ventia, Downer and Service Stream have been awarded Department of Defence asset management contracts with a combined value of $7.3 billion.
Seven West Media chair Kerry Stokes has been ordered to pay $13.5 million, as the financial backer of Ben Roberts-Smith who lost his defamation action against Nine newspapers.
Shares in Austal continued their strong run today after the shipbuilder secured a further $US314 million ($480 million) of work with the United States Coast Guard.
Takeover target Austal's founder John Rothwell has resigned from the board of the shipbuilder he built after 38 years, as a call looms on Hanwha's pursuit of a major stake.
Defence-focused shipbuilder Austal dramatically increased its net profit result in FY25, recording a 503 per cent jump from $14.9 million to $89.7 million over 12 months.
Dual-listed Civmec recorded a 34 per cent net profit drop to $42.5 million last financial year, but insists the future is bright with a record order book worth $1.25 billion.
The federal government has formalised its agreement with a new subsidiary of Austal, in a move which confirms its status as a strategic shipbuilder of choice.
