Queensland aerospace manufacturer signs major Boeing contract

Queensland company Ferra Engineering has achieved another exporting milestone, signing a $60 million deal with multinational aerospace and defence giant Boeing.

The company specialises in the design, manufacture, assembly and testing of aerospace structures and sub-systems. 

Speaking at Ferra’s manufacturing headquarters at Tingalpa today, Premier Campbell Newman praised the high-technology manufacturer for its continued international success.

“This Queensland aerospace company began as a two-man operation in 1992 and has grown to become a great Australian success story with more than 130 employees,” Mr Newman said.

“I congratulate Ferra Engineering on being awarded the contract to manufacture its Joint Direct Attack Munitions Systems (JDAM) for Boeing.

“The contract is expected to generate in excess of $60 million in export sales.

“Ferra is a prime example of how Queensland companies are defying the challenges imposed on our exporting economy by the high Australian dollar.”

Treasurer and Minister for Trade Tim Nicholls said the deal was made off the back of alliances formed during overseas government-led trade missions.

“In 2010, Ferra joined Trade and Investment Queensland (TIQ) on its first overseas aviation and defence mission to Europe and attended the popular French aviation forum, the Paris Airshow in 2011,” Mr Nicholls said.

“As a result of their hard work and dedication, Ferra Engineering has now become an important supplier to a string of high profile aviation giants.

“Queensland is a trade-exposed economy, reliant on its engagement with the rest of the world.

“Companies like Ferra Engineering are demonstrating Queensland’s capabilities to the world and inspiring local businesses to expand into export markets.”

[ENDS] 11 March 2013

Media Contact: Premier’s office 3224 4500

                         Treasurer’s office 3224 6900