The in-country facility, situated within the city’s airport precinct, will be one of only two in the world capable of producing Naval Strike Missiles (NSM) and Joint Strike Missiles (JSM).
In its report to creditors, Hall Chadwick blamed a number of factors for the business’s failure, including “insufficient” and “sporadic” funding from parent company 777 Partners, and recommended the company be wound up.
The partnership marks the latest step in Qantas and Airbus’ wider US$200 million joint initiative launched in 2022, aimed at fast-tracking SAF production.