none

DEFENCE EXPORTS ON THE UP

20-08-2018
by 
in 

The government’s support for the defence industry looks to be bearing fruit, with Defence Export Controls revealing a 25% increase in the number of defence and dual-use export permit applications received in the last quarter of 2017–18 compared with the same period in 2016-2017.

Minister for Defence Industry, the Hon Christopher Pyne MP, said the growth was an indication that Australian companies are embracing opportunities to collaborate with defence forces of Australia’s friends and allies.

“It is pleasing to see strong growth in the number of small and medium-sized defence companies as well as primes across Australia competing to win overseas military contracts,” Minister Pyne said.

“Increased exports lead to the creation of more local jobs while giving businesses greater security as the peaks and troughs often experienced by Australia’s defence industry are able to be flattened out. It also ensures our capability remains world class.

“The growth in the number of applications being received by Defence demonstrates that Australian businesses are grasping export opportunities to extend their potential beyond domestic Australian Defence Force contracts.

“The earning potential of defence and dual-use exports since the launch of the Defence Export Strategy in January 2018 was over $1 billion, vindicating our investment in this initiative.

“I have repeatedly said that defence industry plays a critical role in delivering both defence capability, and in creating jobs and economic growth.”

 

Related news & editorials

  1. 27.10.2020
    27.10.2020
    by      In
    The Morrison government is helping fast-track the world’s largest green hydrogen and ammonia production facility, which is expected to create tens of thousands of jobs in Western Australia.
    The proposed Asian Renewable Energy Hub (AREH) in the Pilbara region is expected to support more than 20,000... Read More
  2. 22.10.2020
    22.10.2020
    by      In
    As food and beverage manufacturers strive to achieve greater efficiency in their manufacturing operations, they often assume that the panacea lies in adopting the automated manufacturing of the ‘factory of the future’, or Industry 4.0.
    After all, Industry 4.0 will connect whole systems, from supply... Read More
  3. 22.10.2020
    22.10.2020
    by      In
    A poll of Ai Group member companies has found a growing incidence of insurance stress related to huge price spikes, reduced coverage or an inability to secure any coverage on certain risks has afflicted more than 50 per cent of businesses.
    Following an increase in anecdotal reports, a poll of Ai... Read More
  4. 21.10.2020
    21.10.2020
    by      In
    Despite the safety and wellbeing of employees being of paramount importance to organisations across a wide range of industries worldwide, the International Labour Organisation reports that a staggering 2.3 million people a year still die due to work-related accidents, with a further 300 million... Read More