Defence Economy

Austal USA receives $1.9b counter-bid

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Austal has revealed it has received a $1.9 billion counter-takeover offer for its US division from a syndicate led by Florida firm Wildcat Infrastructure.

Premier touts big names in defence bids

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Seven proposals for defence industry initiatives are to be evaluated as priority options as the state government's Western Defence Forge process enters its second phase.

Business News expands to Canberra

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Business News has expanded its political coverage with the appointment of experienced journalist Adrian Rollins as its first reporter based at Parliament House in Canberra.

Wildcard emerges in potential Austal US sale

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Perth-founded defence shipbuilder Austal has confirmed it has held early talks with Wildcat Infrastructure over a competing offer for its US business but says no offer has been made.

'Big bear' China can't be ignored: Beazley to Aukus inquiry

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Former deputy prime minister Kim Beazley has delivered an unapologetic defence of the Aukus pact before an independent inquiry, arguing that acquiring nuclear-powered submarines was vital to Australia's sovereignty.

Babcock, Saab ink $117m WA frigate contract

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Babcock Australia will take the reins, in partnership with Saab, managing the life cycle of the nation's ageing Anzac-class frigates at the Henderson maritime precinct under a new 5-year, $117.5 million deal.

Learning before the fight

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OPINION: Australia must be prepared for conflict that's increasingly defined by more than just ships, aircraft and soldiers.

Defence pipeline drives Austal shift on $1.8b bid

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A multi-billion-dollar local defence pipeline has driven a "paradigm shift" in how Austal views selling its US arm, as South Korean defence giant Hanwha conducts due diligence for the $1.8 billion bid.

Austal to add 500 WA roles in defence drive

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Henderson-based shipbuilder Austal has launched a campaign to hire 500 new workers over the next twelve months, as work ramps up on the firm's landing craft shipbuilding programs.

Resources, Aukus spur strong results for marine firms

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Mining maintenance, offshore subsea work, and a surge in defence contracts have powered full-year results for three of WA's key industrial and marine specialists.

Faults expose larger cable issue

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Experts are warning subsea cables have become one of the nation's largest vulnerabilities.

Henderson finalised, cost not revealed

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Nuclear-powered submarine sustainment operations will sit in the middle of the Henderson precinct, flanked by non-defence operations, under finalised site plans presented by the Prime Minister in Perth today.

Signals across the Pacific

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OPINION: Australia must not shrink from developing closer relationships with its Pacific neighbours.

'Learn from our mistakes': UK Defence minister to WA

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Britain's Defence Readiness and Industry Minister used a visit to Perth to encourage Anthony Albanese and Roger Cook to learn from mistakes made in ensuring the community backed large-scale defence projects like the Henderson Precinct.

Training for a nuclear workforce

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Parabellum International has expanded into defence industries with an eye to building nuclear-capable professional emergency response teams.

Pentagon praises Australia's post-Aukus review execution

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The Pentagon's top policy official says Australia is successfully executing its post-Aukus review roadmap, pointing to WA's SRF-West as a standout example of the work being done.

Hanwha launch $1.7b Austal USA bid

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Australia's sovereign shipbuilder Austal has received a non-binding, $1.7 billion offer for its US subsidiary from South Korean chaebol Hanwha.

Perth drone firm Innovaero eye $158m IPO

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Perth drone company Innovaero is accelerating plans for its IPO, with brokers pricing the raise at $40 million at five cents per share, giving the business an expected market capitalisation of $158 million.

Measure of a minister is what remains

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OPINION: Paul Papalia brought genuine experience and passion to his role in the defence community.

HMAS Stirling US sub rotation for five years only

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Federal defence industry minister Pat Conroy has put a five-year limit on the rotational presence of nuclear-powered US submarines at HMAS Stirling.

Raman departs as VEEM CEO

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VEEM chief executive Trevor Raman has announced he will depart the marine technology company, citing a desire to pursue additional career opportunities.

Reynolds has questions for Aukus inquiry

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Australia is already engaged in a conflict with China, former defence minister Linda Reynolds told the Aukus Public Inquiry in Fremantle recently.

Turning trust into opportunity

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OPINION: Australia is already engaged in a borderless conflict and Canberra's defences are struggling to keep pace.

Hasten slowly in judging Aukus shift

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OPINION: The revised Aukus submarine agreement has supporters and detractors, but the truth is somewhere in the middle.

Australia, Fiji in new defence alliance

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Australia and Fiji have sealed a new defence alliance, marking a major diplomatic win for Anthony Albanese against China for influence in the Pacific.

Reynolds: 'We're already at war with China'

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Linda Reynolds has clapped back at suggestions the Aukus agreement would draw Australia into a war with China, instead insisting Australia had been at war with our largest trading partner for the better part of a decade.

WA duo's big bounty from tech startup

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Perth-founded Advanced Navigation has proven Western Australian technology can generate extraordinary wealth, with new disclosures showing its two founders are each closing in on $200 million fortunes.

Hub call signals broader ambition

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OPINION: Challenge for WA to turn strategic opportunity into industrial reality.

Defence West in AI partnership

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Defence Minister Paul Papalia has announced a partnership between Defence West and UK-based Faculty's fellowship program, to boost AI skills for the sector.

No mavericks on conference floor

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OPINION: There's an urgent need to proceed with the Henderson and Western Trade Coast developments.

Record defence export deal puts Australia on the radar

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Australia has struck its largest defence export deal under a $2.5 billion agreement to provide Canada with world-leading radar technology.

Forging a path in munitions

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The state government is moving to grow WA's military manufacturing base.