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. 18.07.2019
    18.07.2019
    by      In
    High-tech developer Micro-X will bring the design and manufacture of its next generation of carbon nanotube X-ray tubes to the Tonsley innovation district in the southern suburbs of Adelaide, in order to give it greater control over its operations.
    Micro-X has achieved strong growth since the 2017... Read More
  2. 18.07.2019
    18.07.2019
    by      In
    Syspro Australasia, an enterprise resource planning software provider specialising in manufacturing and distribution, has announced the appointment of Greg Robinson as its business development executive for Western Australia. The appointment is Syspro’s first business development role on the west... Read More
  3. 17.07.2019
    17.07.2019
    by      In
    Industrial drives specialist Bonfiglioli has doubled the size of its Victorian headquarters with its move to a new and expanded facility in Carrum Downs.
    The new 1000m2 facility – with expanded quality assurance, testing and production engineering capabilities – can accommodate stock levels double... Read More
  4. 16.07.2019
    16.07.2019
    by      In
    Closer ties between Denmark and Australia were certainly the order of the day at the recent opening of the new Nilfisk Australia headquarters at Arndell Park in Sydney’s west. The ribbon cutting ceremony was a three-way affair between Danish Ambasador Tom Nerring, Nilfisk Pacific MD Michael Hansen... Read More