Grants set to accelerate production for XTEK
South Australian-based defence manufacturer, XTEK, has secured two Department of Defence grants totalling more than $800,000 that are set to boost production and accelerate product development. The purchase of a new ‘CNC Virtual Machining Centre’ at the company’s Adelaide manufacturing facility will be supported by a $164,268.50 grant from the Defence Global Competitiveness program. The equipment will allow for safer and more complex machining, reducing the cost of outsourcing and improving productivity. This project is set to accelerate new product development and prototyping, with completion expected by 29 October 2023. Meanwhile, a $658,209.20 grant through the Sovereign Industrial Capability Priority ...








