Australian technology company Kord Defence has secured a new innovation contract from the US Marine Corps.
Kord, which develops programmable control systems for the military, will be able to complete the development of its Rifle Accessory Control Unit Technology with the $1.4m contract.
The deal is also expected to position the Australian industry as a producer of world-leading technology in high-demand worldwide.
Australia Minister for Defence Industry Melissa Price said that the deal serves as an example of how the Defence Innovation Hub is opening doors for companies in the country.
Price said: “I’m pleased to see the investment our government made in Kord has enabled them to grow and pursue new export opportunities in global markets.
“Along with growing the sovereign capability of our own defence industry, this is precisely what we designed the Defence Innovation Hub to do.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Kord Defence managing director Dr Peter Moran said that the development of its technology has been possible with the support of the Defence Innovation Hub.
Moran further added: “Winning an Innovation Hub contract in 2017 enabled us to develop a wireless control system, which formed the basis of the technology now being tested by the United States Marine Corps.”
Kord secured a $2.25m contract in April 2017 from the US Marine Corps for the design, programming, production, and trial of the Rifle Accessory Control Unit.
The unit was planned to be fitted onto the M27 and M4 rifles, in addition to the infantry assault weapons used by the marines.
Kord Defence produces push-button technology that enables soldiers to operate electronic devices without taking their eyes off the target.