Business View Oceania l February/March 2023

10 BUSINESS VIEW OCEANIA VOLUME 5, ISSUE 2 cell and continue enhancing Australia’s sovereign manufacturing capabilities. It will also create an estimated 157 highly skilled jobs during the project and about 330 jobs after five years.” Corvus plans to use the MMI grant investment to install high precision machinery at their manufacturing facility, also located in Victoria. “The $3 million awarded under the MMI will help us establish fully integrated, precision manufacturing capabilities at our facility and support the creation of more than 300 local manufacturing jobs over the next five years,” says Corvus Operations Manager, Ryan Higgins. “It will also enhance our competitiveness to bid on more contracts in the growing defence manufacturing space, both here in Australia and internationally through growing partnerships with leading industry players such as Hanwha Defence Australia.” The Albanese Government is targeting $1 billion of its National Reconstruction Fund for investments in advanced manufacturing. Assistant Minister Ayres explains, “The National Reconstruction Fund is one of the biggest investments in Australian manufacturing capability in living memory. …The Fund will help secure our long-term capability and drive sustainable economic growth by leveraging Australia’s competitive strengths.” For more information about Corvus: www. corvustechnologysolutions.com For more information about ANCA: https:// machines.anca.com/