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Opportunity provided to Australian aero components makers



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·, MINISTER FOR

INDUSTRY, TECHNOLOGY a n d COMMERCE

SENATOR JOHN BUTTON

- ^ 9

FOR IMMEDIATE RELEASE TUESDAY 23 JULY 1991 96/91

OPPORTUNITY PROVIDED TO AUSTRALIAN AERO COMPONENTS MAKERS

An agreement signed today gives Australian industry the right

to bid for contracts worth millions of dollars with GE

Aircraft Engines (GEAE) for the supply of complex aero

components. · .

The Minister for Industry, Technology and Commerce, Senator

John Button, and G E A E 's Director of International Market

Development, Mr Don Schreiber, signed a Memorandum of

Understanding at Parliament House in Canberra today.

In return for providing the opportunity to Australian

manufacturers, GEAE will be exempt from any future obligations

under the Government's Civil Offsets P r o g r a m .

The Memorandum builds on a range of existing activities GE

developed under an offsets agreement. \ /

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COMMONWEALTH PARLIAMENTARY LIBRARY M IC AH

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s.

Announcing the signing, Senator Button said: "The new

arrangement reflects the Government's industry development

policies announced in the March Industry s t a t e m e n t ."

"It is also a vote of confidence in the capability of

Australia's aerospace industry. It is an important expression

by GE of its keenness to continue to develop business

relationships in Australia."

"I am also very pleased that GE has by 1991 discharged

previously agreed offsets obligations that were not due to be

completed until 1997."

"GEAE is proud of its successful record in meeting its Civil

Offsets Program commitments, and we look forward to building

on our existing close relationship with Australian industry,"

Mr Schreiber said.

Australian fi r m s , including Hawker de Havilland Victoria, BTR

Aerospace, and Australian Defence Industries, currently

supply components to GEAE under c o ntract.

Other GE activities in australia include research projects

with the CSIRO and the University of Sydney, and technical

assistance programs with the Technology Transfer Council and

the Australian Centre for Manufacturing.

CANBERRA Contact:

Doug Stuart

Aerospace Section

DITAC

' . (06) 276 1967