Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Unique opportunities abound for SMEs in current defence market

milspec manufacturing robotics

Australian Industry and Defence Network NSW president Medhat Wassef has highlighted some key drivers of what he casts as an Australian defence sector that offers SMEs countless unprecedented business opportunities.

Australian Industry and Defence Network NSW president Medhat Wassef has highlighted some key drivers of what he casts as an Australian defence sector that offers SMEs countless unprecedented business opportunities.

Speaking to Defence Connect’s Phillip Tarrant, Wassef – who also serves as defence business development manager at Albury-based subsystems specialist Milspec Manufacturing – said the current defence environment for Australian SMEs was truly unique.

Advertisement
Advertisement

“We're living in an era that we haven't seen for years. I've been in the defence industry from both the Defence and the defence industry side for about 30 years, all up. I have never seen a period like what we are seeing now,” Wassef said.

“There's a lot of interest in involving certain defence industry in the Defence projects, and Defence is spending a lot of money, as we all know, so the defence industry could not be any happier.”

Wassef attributed the upbeat market conditions for local SMEs in large part to a deliberate policy change on the part of the Defence agencies.

“Defence is making it clear to all the primes, local and international, that they do need to engage local industry and to engage them in meaningful work, not just superficial type work,” he said.

“And as a result, they're all knocking on the doors of SMEs and trying to establish partnerships in areas to work together.”

PROMOTED CONTENT

In terms of Wassef’s own company, Milspec Manufacturing, which is partnered with both BAE Systems and Rheinmetall for the LAND 400 Phase 2 program, he said the Albury-based firm offered a comprehensive range of products, “mainly the alternators and related power products, exportable power, auxiliary power units and so forth”.

Wassef added that the quality of the military vehicle alternators the company developed was second to none.

“They're the envy of the whole world,” he said. They're the smallest and the most output you get for a particular size and weight and they have been sought by European and exported to the US and UK. Some to Singapore. And many other interested parties at the moment. They're in trial in Europe in a number of areas. So, yeah, they're a very good story.

 

Unique opportunities abound for SMEs in current defence market
Milspec-Manufacturing-robotics.jpg
lawyersweekly logo

The inaugural Defence Connect AIC Summit will place you with key decision-makers and stakeholders within the defence industry to discuss the government’s intention to improve AIC and increase the nation’s sovereign production, defence capability and resilience. Don’t miss your chance to be part of this event, register for free today to attend the live stream on 22 October. Register your interest to attend, visit: www.defenceconnect.com.au/aic-summit

more from defence connect

Sep 27 2021
India acquires Airbus C-295 aircraft
New transport aircraft are set to be delivered to India under a co-manufacturing arrangement.  ...
Steel cut for Royal Navy frigate
Sep 27 2021
Steel cut for Royal Navy frigate
Steel has been cut for the first of five Type 31 frigates developed for the Royal Navy. ...
NSW firm tapped to build Army vehicle fleet
Sep 24 2021
NSW firm tapped to build Army vehicle fleet
A multimillion-dollar contract has been awarded to a Port Macquarie-based business for the develop of rough terrain vehicles. ...