The story
CEA Technologies was established in 1983, founded by two retired Royal Australian Navy personnel, Ian Croser and David Gaul. Employing over 600 employees, it is Australia's largest majority owned defence company. CEA specialises in the design, development and manufacture of radar and communications systems for civil and military applications.
In 2016 Ian Croser was the inaugural recipient of the Australian Naval Institute McNeil Prize, presented to an individual from Australian industry who has made an outstanding contribution to the capabilities of the Royal Australian Navy.
In April 2023, it was announced that the Australian government would be purchasing a majority stake in CEA Technologies. The government stated that it was taking this step to ensure that the technology behind the radars CEA produces is controlled by Australia. It is intended that the government will not exercise direct control over the company, meaning that it will need to compete for business in Australia and be able to seek opportunities in the United States. In October 2023 the government revealed that it had spent $A365m on the transaction and it will own a 72 percent stake in the company with the option to buy the remaining share.
From Wikipedia’s article on CEA Technologies, shared under CC BY-SA 4.0.4