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Australian Aerospace Pledges Major Investment

25 June 2006

Australian Aerospace is planning further major expansion of the Australian helicopter industry, following the Federal Government’s decision to buy an additional 34 MRH-90 helicopters under the Air9000 program.

The decision to buy the extra helicopters comes less than two years after the Federal Government ordered the first 12 MRH-90s as additional troop lift helicopters for the Army. Together, the MRH-90 contracts will generate 400 highly skilled jobs in this country and will inject $1.1 billion into the Australian economy.

Production of the MRH-90s – which includes a number of significant composite structures - will now be stepped up at Australian Aerospace’s Brisbane plant and through-life support services also will take place in Australia. Australian Aerospace recently announced plans for a $15 million state-of-the-art composite component manufacturing plant in Queensland, creating more than 60 new jobs and bringing the latest helicopter technology to Australia.

Australian Aerospace CEO, Joseph Saporito, said the decision creates the prospect of Australia becoming more involved in the global helicopter supply chain, more exports from Australia, more jobs, the development of new skills in the latest composite fibre manufacturing and construction techniques and more investment by Australian Aerospace.






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