Expand its sovereign defence capability and ensure the continued development and supply of equipment critical to Australia's defence capability.
The Government will acquire an ownership interest in CEA Technologies Pty Limited to expand its sovereign defence capability and ensure the continued development and supply of equipment critical to Australia's defence capability. The ownership interest will grow to 100 per cent over a number of phases. The Government will also provide $3.2 million over 4 years from 2023-24 (and $0.8 million per year ongoing) to support effective governance of the Commonwealth interest in CEA Technologies Pty Limited. The financial implications of this measure are not for publication (nfp) due to commercial sensitivities. Foreign Affairs and Trade | Foreign Affairs and Trade