State Development Minister Clive Brown today signed an agreement with Raytheon Australia to establish Raytheon’s Naval Systems Division within the Technology Precinct at Perth’s Australian Marine Complex (AMC).
The agreement will see the creation of 165 new jobs in the cutting edge defence technology industry and greatly assist the Australian Marine Complex bid for future military and civilian ship building contracts.
Mr Brown said the establishment of Raytheon’s Naval Systems Division at the AMC would add valuable technical capacity to what was becoming one of Australia’s best-equipped shipbuilding and manufacturing precincts.
“The signing of this financial assistance agreement is a very significant day in the development of the Australian Marine Complex,” he said.
“Successive governments have sought to establish the AMC as a world-class shipbuilding and manufacturing precinct and today’s agreement shows that the Gallop Government is delivering on this vision.
“Raytheon’s Naval Systems Division will provide 165 new jobs and opportunities for Western Australian workers and will significantly increase the ability of the AMC to successfully bid for future shipbuilding and manufacturing contracts.
“On behalf of the Gallop Government, I welcome Raytheon to WA and wish them every success in Australia’s best performing State economy.”
The Minister said Raytheon Australia had a strong record in providing technical solutions to the Australian Navy.
“Raytheon Australia is providing the new $400million combat system for the Collins Class Submarines and has provided a number of electronic systems for the ANZAC frigates,” he said.
“Raytheon’s WA operations will initially undertake activities for its new Submarine Combat System.
“Hopefully, this will assist the AMC’s shipbuilders to bid for future naval construction and maintenance work and create new jobs and opportunities for Western Australians.”
Mr Brown said the agreement with Raytheon would see the Government provide an interest-free loan of $3million, convertible to a grant over five years upon the achievement of employment, capital investment and research and development milestones.
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