Australia has announced the signing of its first agreement with local industry through which the government will provide funding to support efforts to boost defence exports.
The Australian Department of Defence (DoD) said on 13 August that Canberra-based CEA Technologies has signed a AUD90 million (USD61 million) loan agreement that will be used to develop a new engineering and manufacturing facility for phased-array radars.
The facility, also in Canberra, will be dedicated to growing exports and meeting Australian Defence Force requirements. Funding for the facility was provided through the government's Defence Export Facility, which was established early 2018 with a budget of AUD3.8 billion.
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