Australia’s government announced on Monday that it will reportedly unveil an ambitious plan to become one of the world's 10 largest arms exporters.
As part of the plan, Australian Prime Minister Malcolm Turnbull will announce a $3.8 billion fund for Australian arms companies looking to increase exports.
“It will give Australian defence companies the support they need to grow, invest and deliver defence capability,” Turnbull told The Australian.
Turnbull said that with AU$200 billion budgeted to increase Australian defense capabilities in the next decade; Australia should rank higher than 20th among arms-exporting countries. The planned Australian military build-up was the largest in its peace-time history, he was quoted as saying by AP.
The government believes the strategy will create new jobs and bolster Australia's troubled defence manufacturing industry, which struggles to sustain itself based on Australian Defence Force needs alone.
According to the plan, the Australian government is looking to grow sales in the United States, Britain, Canada, New Zealand, as well as, European friends and allies, including Japan and South Korea.
The government will also seek to use the exports to cement relationships with key countries in volatile regions like the Middle East, Sydney Morning Herald reports. Defence Industry Minister Christopher Pyne has previously nominated Australia's relationship with the United Arab Emirates as one that could benefit from deeper, export-led economic ties.
The push to increase Australian defense manufacturing jobs came after General Motors Co. in October became the last automaker to quit building Australian cars.
Most of the new Australian defense spending is on submarines and frigates that will be largely built in Australia.
Israeli defense electronics company Elbit Systems Ltd has been awarded a $150 million contract for Battle Management System Command and Control (BMS C2), the company said in a press release Thursday. The contract awarded by the Australian Department of Defence's Capability Acquisition and Sustainment Group is to provide Through Life Support (TLS) services to the Australian Defence Force (ADF) for BMS C2
Lockheed Martin has been awarded a $700 million contract by Australias Defense Ministry for the Future Submarine Combat System Design, Build and Integration, Minister for Defence Industry, Christopher Pyne announced Thursday. “Today marks a further step forward in our partnership with Lockheed Martin Australia in delivering a fleet of regionally superior submarines to Australia,” Minister Pyne said
Australian Defense Forces has received next-generation battle-space communication ahead of schedule from Boeing Defense Australia (BDA). The $650 million project, LAND 2072 Phase 2B, will deliver voice, data and video services, allowing for secure communication between deployed Australian land forces and headquarters, Minister of Australian Defense Industry, Christopher Pyne said in a statement Tuesday
The Australian government has awarded a contract to BAE Systems to upgrade Australias long-range high frequency radar network. The $1 billion Jindalee Operational Radar Network (JORN) protects Australias coastal approaches through a network of three remote radars in Queensland, Western Australia and the Northern Territory
The Australian government has signed a multi-billion dollar agreement with German ship designer Lürssen as prime contractor, for its Offshore Patrol Vessel project, Defense ministry announced on January 31. Australias Minister for Defence Industry, Christopher Pyne MP, announced Wednesday that the contract with Lürssen to lead the design and build is worth at least $3 billion for 12 OPVs
Australian firm Electro Optic Systems (EOS) has secured a $410 million contract to supply its new R400S-Mk2 remote weapons systems to an undisclosed overseas customer with the help of Australias export agency Efic. This contract brings the sales of this weapons system to $600 million in its first 12 months of release, Defence Connect reports
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