RUAG Australia has provided more details of how it will use Defence’s Sovereign Industrial Capability Priority (SICP) grant to grow its operations.
The company says the grant will allow it to grow its capacity and supply chain resilience in strategic support of Defence and aircraft sustainment. The award was announced by Minister of Defence Industry Melissa Price a month ago.
The grant funding will be used to enhance RUAG Australia’s capability for the manufacturing and maintenance, repair and overhaul (MRO) of hydraulic components and advance the company’s continuing efforts to improve manufacturing efficiency and cost competitiveness.
The investment will expand upon the recently announced facility upgrades to the Hydraulic Centre of Excellence at RUAG’s Bayswater site and its commitment to Industry 4.0 manufacturing standards.
"We are pleased and proud to be recognized by Defence as an essential contributor to our nation’s defence industry capability," Terry Miles, General Manager RUAG Australia, said. "This investment will reduce our barriers to global competitiveness, provide greater reliability, and provide further assurance that quality requirements are continually met."
“Investment in expansion is crucial to growing our Australian business, capturing a larger share of defence global supply chains, and remaining responsive to in- country needs,” Stephan Jezler, Senior Vice President Aviation International, RUAG MRO International, said. “We appreciate the Australian Government’s support in facilitating fast decisions in expansion projects.”
On 15 May, Minister Price announced that RUAG had also received a Defence Global Competitive Grant.
“It’s great to see our defence industry growing in all parts of Australia, not just those states with a heavy defence presence,” Minister Price said.