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Australia boosts defence with next-gen MQ-28A Ghost Bat Drone

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The Albanese Government has allocated an additional $399 million for the ongoing development of the MQ-28A Ghost Bat drone, in a move aimed at bolstering Australia’s defence capabilities.

Developed in collaboration with Boeing Defence Australia, the MQ-28A Ghost Bat, also known as a Collaborative Combat Aircraft, represents a significant leap in technology.

It marks the first military combat aircraft to be entirely designed, engineered, and manufactured in Australia in over half a century.

Designed to serve as a loyal wingman, the MQ-28A Ghost Bat will play a crucial role in protecting and supporting military assets and pilots, undertaking various tasks over long distances, including combat operations.

Funding injection

The latest funding injection will propel the program into its next phase, which includes the delivery of three Block 2 aircraft featuring enhanced design and improved capabilities.

This financial boost will facilitate the development of sensor and mission payloads, an integrated combat system, and autonomous functionalities.

Australia to prioritise long-range strike capability in defence …

Notably, this investment secures over 350 jobs across Australia and guarantees ongoing work for more than 200 suppliers, reinforcing the government’s commitment to supporting the local defence industry and fostering high-quality employment opportunities for Australians.

Defence review

The decision to further develop the MQ-28A Ghost Bat follows a recommendation from the Defence Strategic Review, emphasising collaboration and technology sharing with the United States.

In line with this, Defence signed a CCA development project arrangement with the US on March 30, 2023.

Minister for Defence Industry, the Hon Pat Conroy MP, highlighted the significance of the project, stating, “This is the first military aircraft to be designed, engineered, and manufactured in Australia in more than 50 years and underscores the depth of innovation and expertise in our defence industry.”

Conroy also emphasised the substantial contribution of Australian companies to the program, with over 200 local firms, including more than 50 small and medium enterprises, involved in the supply chain.

He reiterated the government’s commitment to ensuring the prosperity and security of the nation by providing critical capabilities to the Air Force.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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