British Aerospace $35m facility at Fishermans Bend
British Aerospace is to construct a $35-million military aircraft systems design house at Fishermans Bend. Industry Minister Mark Birrell said the project would create up to 250 new jobs and stimulate $50 million a year in exports through the development of high-tech military systems, including guided missiles and ship defence systems. British Aerospace is already one of Australia's largest defence and aerospace companies, employing 2600 people and turning over of $350 million per annum. The State Government assisted British Aerospace to identify suitable sites for what will be a 10,500 square-metre facility. (News Release, Office of the Minister for Industry, Science and Technology, June 8, 1999)
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