Hofmann Engineering has become the first local business to be greenlit to supply parts for US navy assets, in a move the nation's leaders say is a strong sign for an Aukus future.
The commander of the United States' Pacific naval fleet has accused China of unlawful and coercive behaviour while flagging the iron ore trade's potential deterrence value
Bassendean business Hofmann Engineering has signed a memorandum with global engineering company Flanders to combine resources to produce electro-mechanical mining haul trucks.
Bassendean-based Hofmann Engineering has credited increased orders from the mining sector and a major contract in the defence sector as the major drivers behind a surge in revenue to a record $149 million in its 50th year in business.
Australia's defence capability acquisition projects have a poor historical record in terms of cost and schedule, largely due to Canberra's failure to acknowledge and support reliable industry performance.
Three Perth industrial businesses, including Fero Group and Hofmann Engineering, are set to invest more than $40 million in new manufacturing facilities after securing federal government grants.
Bassendean-based Hofmann Engineering has been awarded a $5 million grant in the first round offers of the federal government's $27.7 million Climate Ready program.