quickly on the back of the contracts to construct the ANZAC class frigates and completion of the Jindalee Operational Radar Network (JORN) project. The company expanded across the defence sector into engineering infrastructure and service businesses, such as gas, water, electricity, and the supply of speed cameras and traffic wardens. By the time that Salteri retired in 2007, Tenix had annual revenue of A$1.7 billion. Tenix sold its defence business to BAE Systems in June 2008, and its main business interests are in infrastructure and parking and traffic businesses across Australia, New Zealand, the Pacific and the USA. The name Tenix derives from tenacity, inspired by a comment made by Salteri's grandfather when Salteri was a young boy: "...to make one million, one has to start from a 5 centime coin..." Salteri reputably kept this coin from that day, until the day of his death. Personal In 1999, Salteri was made a Grand Officer of the Order of Merit of the Italian Republic by the Italian government. In 2002, he was appointed a Companion of the Order of Australia for service as a leader in industrial and technological development in Australia, to the engineering, construction and manufacturing industries, and to the community through a range of artistic, cultural and health-related organisations. Salteri established the Tenix Foundation to provide assistance for education, research and underprivileged children. Up until his death, Salteri was a patron of the Australian Indigenous Education Foundation and was a key supporter of education for Indigenous students. Salteri died at the Mater Hospital in Sydney after a short illness on 10 October 2010, aged 89. See also Tenix Tenix Defence Transfield Services References 1920 births 2010 deaths Engineers from Milan Australian philanthropists Australian businesspeople Italian emigrants to Australia Companions of the Order of Australia Grand Officers of the Order of Merit of the Italian Republic 20th-century philanthropists