MEDIA RELEASE – December 01, 2020
SICP Facility upgrade
Precision Metal Group successful in Sovereign Industrial Capability Priority Grant announced by The Hon Melissa Price Minister for Defence Industry.
Precision Metal Group will Enhance its ability to manufacture specialised metal components to secure Australian Manufacturing and Australian Jobs. PMG will also increase its Western Sydney manufacturing facilities & capacity for Australian’s today, and into the future covering LAND AIR & SEA Programs.
The Morrison Government has awarded more than $11 million in grants to 20 Australian small businesses as part of a program that will enhance Australia’s sovereign defence industry.
Minister for Defence Industry Melissa Price said the latest funding support awarded through the Sovereign Industrial Capability Grants Program will also boost innovation and investment in Australian Defence Force capability.
“These grants make a vital contribution to growing Australia’s sovereign defence industrial base,” Minister Price said.
“The Morrison Government is committed to safeguarding the livelihoods of all Australians, including small businesses within the defence sector.”
The Sovereign Industrial Capability Grants Program helps drive innovation in small businesses and make them more competitive, especially in the face of COVID-19 challenges.
“This funding will allow for even greater cooperation and innovation activities across industry and with Defence.” Minister Price said.
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