Business

Advanced Navigation, a developer of AI robotics and navigation technology, has raised $108 million (US$68 million) in its Series B funding round led by global investment firm KKR.

Mark Worsfold has joined Babcock Australasia as Program Director – Strategic Maritime Partnerships this week to lead the safe delivery of New Zealand’s Maritime Fleet Sustainment Services program.

To mark the end of Indigenous Business Month, global professional services company GHD has entered a five-year Strategic Relationship Agreement with the Indigenous Defence & Infrastructure Consortium.

Architectus has appointed a new Principal and National Sector Leader for Defence – Ralph Williams.

Leidos has announced the completed acquisition of Cobham Aviation Services Australia’s Special Mission business.

Kongsberg Defence Australia has announced a significant investment in a dedicated facility, located in Mawson Lakes, to assist in the delivery and support of existing and future Defence acquisition programs.

ECA Group and iXblue have announced that both companies will be operating under a new joint brand: Exail.

Thomas Global Systems is expanding its advanced manufacturing operations to deliver 32 containerised Immersive Tactical Training (ITT) simulators to train crews on the Boxer CRV and the Abrams M1A2 Main Battle Tanks.

Nova Systems has delivered in-country training to more than 2,700 Australian technical professionals, a new milestone.

Raytheon Australia has officially broken ground at its Centre for Collaboration in southeast Queensland.

QinetiQ has reached an agreement to acquire Air Affairs in Australia for $53 million.

Hanwha Group has signed a memorandum of understanding to acquire a controlling stake in DSME, the world’s largest warship and submarine builder.

The partnership will create an Australian hub for ECA Group’s mine countermeasures, military survey, (MCM/MS) and autonomous system technologies.

The Defence Innovation Hub has awarded contracts worth $27 million to ten Australian businesses.

Additive manufacturing company AML3D Limited has announced the appointment of Ryan Millar as new CEO, with immediate effect.

AML3D has announced it has expanded the scope of a contract with Boeing for the supply of 3D printed components.