Australian Government recognises Boeing investment
November 26, 2016
Boeing has become the first international company to be acknowledged for its enduring contribution to the Australian economy at the 2016 Australian Export Awards.
Boeing Australia received the inaugural Investment Award from the Minister for Trade, Tourism and Investment, the Hon. Steven Ciobo MP at a ceremony held in Brisbane on 25 November.
The award recognized Boeing’s creation of jobs, cultivation of innovation and support of the expansion of Australian industry within global supply chains. In the last three years, Boeing has invested in manufacturing upgrades at its Fishermans Bend facility in Melbourne, as well as new facilities for its defence team headquartered in Brisbane.
“I was honoured to accept the inaugural Investment Award on behalf of our 3000-plus employees in Australia and our 160,000 employees globally,” said Maureen Dougherty, President of Boeing Australia, New Zealand and South Pacific. “As we approach our 90th year in Australia next year, we will continue to invest in great Australian talent, and to provide them opportunities to work on truly exciting programs that span commercial airplanes, defence, R&D as well as managing a significant supply chain.”
The Minister acknowledged Boeing’s efforts to create opportunities for engineering and machining companies to win new business in the international aerospace market.
“The $1 billion Boeing has invested in Australia … is creating opportunities for engineering and machining companies to diversify and win new markets in the international aerospace market,” said Minister Ciobo.
“In 2015 alone, more than 1,000 Australian companies were suppliers in Boeing’s global supply chain. That year, Boeing spent approximately A$400 million on its Australia suppliers.”
One of those companies is Lovitt Technologies, which has partnered with Boeing for over 20 years.
“Working with Boeing has given Lovitt the opportunity to grow from an automotive tooling supplier into a globally competitive aerospace component manufacturer,” said Bruce Ramsay, managing director of Lovitt.
The award also recognised Boeing Research & Technology’s work with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and ten local universities.