Sydney-based The Whiskey Project already has $50 million in contracted revenue from Australian federal and state police departments.
| Australian tactical boat builder The Whiskey Project is seeking to raise $20 million for an expansion into the US to buildThe Sydney-based company, which already has $50 million in contracted revenue from Australian federal and state police departments, counts Ellerston Capital, Perennial Partners and OC Capital among those backing the latest cash call.
“The use of funds is focused around further expanding the company into US and European markets,” Mr Schuback said. “We are specifically looking at supporting our US supply chains focused around Mississippi, Virginia and North Carolina, which are all major shipbuilding states and for which there is a lot of leverage on the US Senate Armed Services Committee.”
A successful capital raising could also be a good test for larger institutional investors to judge and justify investment in small defence companies.nation’s $3.5 trillion retirement savings pool would play a bigger role in defence and national security. TWPG’s boats are unique in their ability to integrate cutting-edge communications and sensor information. This could include so-called “Joint All-Domain Command and Control”, a US Department of Defence system which connects sensors from all branches of the armed forces into a unified network powered by artificial intelligence.
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