Growth Markets Our focus remains on pursuing key clients and excelling in our core sectors while identifying opportunities in growth markets such as Defence, Water, and New Energy. We are actively pursuing projects in new regions, including New Zealand, and reviewing opportunities for further geographic expansion.
DEFENCE We’re seeing direct outcomes and significant progress following investment in our Defence sector strategy and specialist resources this year. In December 2022, we were awarded a $8.5 million project by the Nova Nacap Joint Venture in the Northern Territory. Our ability to tender directly and compete at scale within the Defence sector has been bolstered by securing our Defence Industry Security Program (DISP) accreditation and finalisation of Federal Safety Commissioner (FSC) accreditation. We are well-positioned to benefit from increased momentum and spend in the Defence sector as projects are brought to market in early 2024. WATER Saunders has a long history in the design, construction, and maintenance of bulk water storage tanks and reservoirs. In 2023, we were appointed to design and construct a two-megalitre column-supported tank for Fulton Hogan in Victoria – considered a core service offering for our organisation. However, our capability in the water sector has grown following the recent acquisitions of PlantWeave and Automation IT, and formation of our Automation business unit. This additional capability and client offering, along with increased capital investment in the sector, have heightened our focus on this market. We are well-positioned to secure a new Government- funded water project in Queensland, to be formally awarded in early 2024.
Annual Report 2023 30
Annual Report 2023 30
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