The Hon Melissa Price MP
6 Apr 22
Release details
Release type
Related ministers and contacts
The Hon Melissa Price MP
Minister for Defence Industry
Minister for Science and Technology
Senator David Van
Senator for Victoria
Media contacts
Kathy Quinn (Minister Price’s office): +61 468 369 301
Kacey Lam (Senator Van’s office): 03 9660 6660
Defence Media: media@defence.gov.au
Release content
16 July 2020
Joint media release
- Senator for Victoria, Senator David Van
A Victorian company is readying itself for global success in the aerospace industry after receiving funding from the Morrison Government to help it expand.
Minister for Defence Industry Melissa Price announced Hosico Engineering from Braeside was one of the latest recipients of Defence Global Competitiveness Grants.
“This program is part of the Morrison Government’s commitment to build a stronger, more sustainable and globally competitive Australian defence industry,” Minister Price said.
“Over 26 Australian small businesses have benefited from an investment worth over $3.4 million through this grants program so far.”
Hosico Engineering will use their $150,000 grant to install a finishing centre, improving their capacity to supply thermoplastic and finished components.
Senator for Victoria, David Van, said the funding will help the company to position themselves as future suppliers to international defence aerospace companies.
“This funding is all about assisting Hosico Engineering to boost its sales to the international aerospace industry,” Senator Van said.
“Companies that export are not only growing our sovereign capability, but we know they also expand and can then employ more people than businesses who don’t look beyond their own backyard.”
Applications for the Defence Global Competitiveness Grants program can be made at any time through: www.business.gov.au/dgc.