The Australian Defence Industry is expected to grow significantly in the next few years. In 2023, the industry is forecast to be worth $27.5 billion, up from $15.5 billion in 2016-17. This growth is being driven by a number of factors, including:
– An increase in global instability and conflict
– The need for replacement and upgrades of existing military equipment
– Growing demand for Australian defence products and services globally
– Government investment in defence capability development
This growth is good news for the Australian economy and jobs, with the Defence Industry supporting over 100,000 jobs across the country. It is also good news for our national security, as a strong and capable Defence Industry is essential for maintaining a capable and effective ADF.
The Australian Government is committed to supporting the growth of the Defence Industry, and has put in place a number of initiatives to achieve this. These include:
– Establishing the Defence Innovation Hub, which is investing $640 million over 10 years in Australian defence innovation
– Establishing an investment fund to support small and medium enterprises in the Defence Industry
– Supporting the development of key defence capability programs, such as the Joint Strike Fighter program
The Government is also working closely with industry to develop a long-term Defence Industry Growth Plan. This plan will set out a vision for the future of the Defence Industry and provide a roadmap for how we can grow the sector to meet the needs of our Defence Force.
The Growth Plan will consider a range of factors, including:
– The changing global security environment
– The impact of new and emerging technologies
– Australia’s comparative strengths
– The evolving needs of our Defence Force
It will also identify the key challenges and opportunities for the Defence Industry over the coming years.
The Growth Plan will be released in early 2019. It will be the foundation for our future Defence Industry policy and will guide our investment in the sector.
Gateway Synergy is committed to growing the Defence Industry and ensuring that it is ready to meet the challenges of the future. We look forward to working with industry partners to achieve this goal.
The Growth Plan will identify the key areas of growth for the Australian Defence Industry in 2023. These include:
– The security environment
– The impact of new and emerging technologies
– Australia’s comparative strengths
– The evolving needs of our Defence Force
It will also identify the key challenges and opportunities for the Defence Industry over the coming years.
The Growth Plan was released in early 2019. It is the foundation for our future Defence Industry policy and will guide our investment in the sector.
Gateway Synergy is committed to growing the Defence Industry and ensuring that it is ready to meet the challenges of the future. We look forward to working with industry partners to achieve this goal.
The Growth Plan is just one part of our plan to grow the Defence Industry. We are also investing in skills and training, building a strong pipeline of talent, and working with industry to increase exports.
These investments will help to create jobs and drive economic growth across the country. They will also ensure that Australia has the capability to design, build and maintain the equipment our Defence Force needs to protect our national interests.
The Growth Plan is an important step forward in delivering on our commitment to grow the Defence Industry. We look forward to working with industry partners to make this happen.
Former Minister for Defence, Senator the Hon Marise Payne
Australia’s Defence Industry Growth Plan set out a clear path for growing our Defence Industry. The Plan sets out several initiatives to attract investment, create jobs and support economic growth.
The Growth Plan will help us achieve our ambition to grow the Defence Industry to a size where it can better meet the needs of our Defence Force and create jobs and drive economic growth across Australia.
Some of the key initiatives in the Growth Plan include:
– Investing in skills and training: We are investing in skills and training, to build a strong pipeline of talent for the future. This will help ensure that Australia has the capability to design, build and maintain the next generation of Defence equipment.
– Attracting investment: We are working to attract investment in the Defence Industry, by promoting Australia as a safe and stable place to do business.
– Creating jobs: We are supporting the creation of jobs in the Defence Industry, through initiatives like the Defence Innovation Hub and the Next Generation Technologies Fund.
– Supporting economic growth: We are supporting economic growth across Australia, by investing in infrastructure and facilities that will benefit the Defence Industry.
– Improving capability: We are improving our capability by investing in research and development and working with industry to create the next generation of Defence equipment.
– Enhancing security: We are enhancing our security by working with industry to develop new capabilities and technologies that will help protect Australia and its interests.
– Supporting our allies: We are supporting our allies by collaborating on projects and sharing knowledge and expertise.
– Strengthening relationships: We are strengthening our relationships with industry, through initiatives like the Defence Industry Engagement Framework.
– Investing in the future: We are investing in the future by supporting the development of new capabilities and technologies.
These are just some of the ways we are growing the Australian Defence Industry. We are committed to working with industry to create new opportunities and drive economic growth.
If you are interested in learning more about the Australian Defence Industry, please visit our website or contact us. We would be happy to answer any of your questions. Thank you for your time.
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