11/29/2019 | Press release | Distributed by Public on 11/28/2019 18:47
Joint media release
A small South Australian space technology company has beaten international competition to win a $2.5m Defence contract.
Minister for Defence Industry, the Hon Melissa Price MP, congratulated Inovor Technologies on winning the contract to deliver a satellite bus that will be used to house equipment in space for the Buccaneer Main Mission.
'The Buccaneer program is aimed at improving our understanding of the outer atmosphere, in particular the ionosphere, which plays a key role in Australia's world-leading Over-the-Horizon radar capability,' Minister Price said.
'Small, low-cost satellites like Buccaneer provide a unique opportunity to support the development of an Australian Space Capability for Defence and to rejuvenate Australian space research.
'The Defence White Paper highlights space research and space-based systems as an important part of Australia's Defence capability and national security.
Minister for Industry, Science and Technology, Karen Andrews, said this investment will improve Australia's space capability but also shows how committed the Morrison Government is to advanced manufacturing and the opportunities that space presents for those businesses.
'There is huge potential for our advanced manufacturers who are working in defence or other industries to expand into the space sector and vice-versa, which will see them grow and create new Australian jobs,' Minister Andrews said.
'The Morrison Government is committed to tripling the size of the space sector to $12 billion a year and an extra 20,000 jobs by 2030. To achieve that goal, we need to make sure we're engaging businesses from a range of sectors.'
The contract signing ceremony was held in Adelaide today between Defence and Inovor Technologies CEO, Dr Matthew Tetlow.
Imagery for media use is available at https://images.defence.gov.au/s20193140.