Manufacturing
The market hasn’t been holding out for a deal in the short term even as ‘best and final’ restrictions expire, with the latest announcement backing that thesis.
Taxpayers helped develop sovereign drones, but the highest value components still come from overseas
Without consistent support, drone manufacturers warn the Advanced Strategic Capabilities Accelerator falls short of creating a genuine industrial capability.
Diraq hopes Scott McGregor can work his magic once more. His 11 years at the helm of Broadcom culminated in a USD37 billion ($51.9 billion) buyout. It’s now worth USD2 trillion.
Lingering hopes that SGH and Steel Dynamics would lift the value of their offer price to acquire BlueScope have seemingly been dealt another blow.
The industry minister has described the push for cuts to immigration as “divorced from reality” as businesses in regional areas increasingly fear skills shortages.
Anduril continues to expand local operations to service a $1.7 billion underwater drone contract, which is expected to grow under the National Defence Strategy.
