The Minister for Defence Industry, Christopher Pyne, will visit Washington DC on the 5th and 6th of October to sell the merits of Australian Defence Industry.
While meeting with senior United States defence officials and industry executives, Minister Pyne will have a particular focus on our capability to be a regional maintenance hub for the Joint Strike Fighter Program.
“The Australian Government is embarking on its largest ever renewal and investment into defence capability with approximately $195 billion spent over the next decade," said Pyne.
“We will only be successful in this ambitious effort if we work in partnership with our friends and allies and for Australia there is no more important bilateral defence relationship than the alliance with the United States.
The last few years have seen an increased focus on the Australian Defence industry, with particular focus on national on-shore manufacturing of crucial machinery and equipment.
There has also been the beginnings of an uptick in overseas defence manufacturing in Australia, and it is this trend that Pyne hopes to continue.
"It would be a major win for our defence industry if Australia wins the contract to maintain, repair, overhaul and upgrade the Joint Strike Fighters in the South East Asian region, with the potential to be worth hundreds of millions of dollars,” he said.
In total, Australian companies have won more than $800 million worth of production and development contracts for the Joint Strike Fighter Programme. The Department of Defence predicts that figure will rise to at least $2 billion by 2023.