New grants have been announced to help local businesses secure lucrative supply chain contracts with South Korean firm Hanwha, which is building a $170 million base at Avalon’s industrial precinct.
More than $275,000 has been announced by the Victorian government for four companies that specialise in land systems defence grow their business.
Deakin-based The Smart Think is one of the companies to benefit from the grants.
Hanwha last month won the Land 400 Phase 3 defence contract to build infantry fighting vehicles.
Manufacturing Sovereignty Minister Ben Carroll said it was about backing companies for success.
“Victoria is the home of armoured vehicle manufacturing in Australia, boasting one of the strongest defence supply chains in the country,” he said.
“We want to see more Victorian-made components used by global defence firms.”
Picture: Hanwha’s plans for its Avalon base [supplied]