Melbourne Company Flying High On Global Stage
|A Montmorency-based aerospace and defence company has been able to win lucrative global contracts and create new local jobs thanks to support from the Andrews Labor Government.
Parliamentary Secretary for Industry and Employment Vicki Ward visited Lovitt Technologies Australia today to meet workers and to see the progress on the company’s $1.5 million capability expansion project, made possible through the Labor Government’s Future Industries Manufacturing Program.
As part of the project, Lovitt Technologies has taken on five new workers and acquired cutting edge manufacturing technology, including a next generation computer to create precision aerospace components.
The advanced manufacturing technology has allowed the company to extend and secure major new contracts with clients in the aerospace industry such as Boeing and F-35 Joint Strike Fighter producer Lockheed Martin.
The company manufacture the floor structure, bulkheads and the engine mounts for the F-35 aircraft and parts of the trailing edge of the most technically advanced commercial aircraft in the world – the Boeing 787 ‘Dreamliner’.
Lovitt Technologies Australia was established in 1954 to manufacture tooling for Australia’s automotive industry, and has since developed into a leading supplier of complex and precision-engineered structural components.
Transport, defence and construction technologies are a priority sector under the Labor Government’s Future Industries Fund, which supports high growth industry sectors that are critical to the Victorian economy.
The Labor Government has committed over $100 million in manufacturing support which has created more than 3000 jobs resulting in $939 million in private investment.
For more information, visit business.vic.gov.au/fimp
Quotes attributable to Parliamentary Secretary for Industry and Employment Vicki Ward
“Our support for Lovitt Technologies has taken them to the world stage – creating jobs for locals and boosting our credentials as a world-leader in manufacturing.”
“The company has grown in recent years, creating more jobs for Victorians and boosting our manufacturing sector.”