Forbes • 20 January 2025
Nuclear certification has meant a 120-fold increase in this defence tech’s “opportunity pipeline” as Australia prepares to spend up to $368 billion on nuclear submarines.
Small defence tech startup UBH is the first private company in Australia to get the certification that will probably be needed to work on nuclear submarines.
After receiving the ISO19443 certificate last December, it signed up two nuclear-related customers within a month, UBH CEO Jeff Batten said, with another three dotted lines imminent.
“So we’re already seeing revenue coming in this financial year … and I can tell you that we’ve got several million dollars of opportunities in our pipeline for the remainder of the financial year.”
The federal government has so far approved spending of $13.6 billion over several years on the nuclear submarines project.
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