Victoria-based CableX has secured government support as part of the Victorian government’s Boost Your Business Defence, Aerospace and Security stream and the Victorian Defence Industry Supply Chain Program.
With nearly 200 employees at its Bentleigh site, CableX manufactures custom cables and harness assemblies for the defence, transport and aerospace industries, supplying companies including Airbus and Boeing.
Minister for Industry and Employment Ben Carroll visited CableX to announce funding to position them for major defence opportunities like SEA 5000 and to export to defence contractors in Europe and the Asia-Pacific region.
"Victoria is a leader in defence manufacturing and these grants will help open new doors for CableX to secure more defence contracts," Minister Carroll said.
CableX is one of nine companies receiving a Defence, Aerospace and Security Boost Your Business Voucher, the others are Bayne Group, Clarinox Technologies, Doen Pacific, LRM Technologies, RMR Engineering, Tieman Tankers, Towers Group and Uniform Safety Signs.
The company also supplies parts for the F-35 Joint Strike Fighter and Hawkei land vehicle program, and exports electrical harnesses to Lithuania and Germany.
Minister Carroll said Victoria’s defence sector contributes up to $8 billion to the state’s economy every year and includes more than 400 businesses, employing around 20,000 people.
The Defence, Aerospace and Security and Victorian Defence Industry Supply Chain support program provides assistance of up to $50,000 to help businesses:
- Adopt new or improved capability, business models and business processes;
- Develop and commercialise new products and advanced manufacturing processes; and
- Enter new defence, aerospace or security export markets and secure global supply chain opportunities.
The program is open to Victorian SMEs seeking to win more defence, aerospace or security related work by supporting capital expenditure to meet industry specific compliance requirements.
Victoria's Defence Technologies Sector Strategy outlines the Victorian government's vision for maximising domestic defence business opportunities and expanding into the international defence market to grow the industry and create high value jobs.