The National Reconstruction Fund Corporation (NRFC) has made a $150 million debt investment in leading Australian defence manufacturer and exporter, ASDAM as part of a $400 million financing package obtained by the company. NRFC funding will be used as growth capital to add capacity and capabilities at Australian sites. It will also be used to refinance existing debt.
About ASDAM
Australian Sovereign Defence and Advanced Manufacturing (ASDAM) is a leading Australian defence manufacturer. It is a key partner to global defence prime customers and government on long-term global defence programs.
Investment impact
National security
ASDAM has leading capabilities in advanced manufacturing and sustainment, services a number of defence and non-defence programs and has long term relationships with governments, defence prime contractors and other industrial customers.
Job creation
ASDAM employs over 1,100 staff across 18 sites, 12 of which are in Australia. The company expects to create approximately 340 new skilled manufacturing jobs in Australia over the next three years.
Building Australia’s sovereign capability
ASDAM’s products are used across a range of industries including, aerospace, defence, rail, automative, mining and energy.
Strengthening global supply chains
ASDAM has demonstrated an ability to grow and compete on a global scale within a range of sectors, and NRFC investment will help to reinforce ASDAM’s position as a key part of the defence supply chain for Australia and its allies.