Bambach Wires and Cables is continuing to grow Australia’s sovereign capability with $1.2 million in funding being provided by the Federal Government to support the Australian Defence Force (ADF).
Federal Member for Gippsland Darren Chester said the grant would also enhance the company’s existing manufacturing capabilities and support local jobs.
“This $1.2 million investment will support Bambach to manufacture small, medium, and large diameter low voltage silicone copper cables essential for use in submarine and shipbuilding,” Mr Chester said.
“Bambach is an outstanding example of the growing capability and competitiveness of the Australian defence industry, providing a vital investment in our sovereign industrial base.
“Businesses like Bambach demonstrate the capacity and opportunities available to Australian industry as the Federal Government embarks on its $270 billion defence capability investment.”
The SICP grant program supports manufacturing capabilities and the Federal Government’s mission to develop a sustainable, competitive, sovereign industrial capability.
Defence Industry Minister Melissa Price congratulated Bambach Wires and Cables on its grant.
“Bambach’s dedication and foresight is enabling the Australian Defence Force to maintain a critical edge while growing its self-reliance in an increasingly congested strategic environment,” Minister Price said.
“The SICP grants not only enable businesses to grow, but also encourage businesses to become involved in our commitment to developing a strong, sustainable and secure Australian defence industry.”
Mr Chester encouraged Gippsland-based companies interested in working in defence to apply for the next round of SICP grants via the Centre for Defence Industry Capability (CDIC) at: https://www.business.gov.au/Grants-and-Programs/Sovereign-Industrial-Capability-Priority-Grants.