Defence, the budget deficit and the age of low economic growth

One of the risks of working up a new plan to drive a whole new generation of new military capability acquisitions distilled from the conclusion of a brand-new Defence White Paper is the burning issue of how the new investment program will be paid for. This was not a problem for former Prime Minister John Howard, as he spent his way through the mining boom, but really is a … [Read more...]

US back at Avalon searching for novel Australian military technologies

With the United States sustaining its position as the world’s largest procurer of military equipment, and President Trump now talking of a US$50 billion boost to the US Defense budget, it might be natural to assume that all required new military capabilities would be satisfied from within the US scientific and industry base. “Not so” says a US Air Force officer who is visiting … [Read more...]

Boeing welcomes Australian defence innovation initiative

The Director of Boeing Phantom Works International (PW-I), Dr Shane Arnott, has welcomed the Australian Government’s decision to launch a major defence innovation initiative to generate new technologies related to satisfying future capability development requirements of the Australian Defence Force. The Australian Government launched last December a $1.6 billion (over 10 … [Read more...]

Defence investment plan hits first pot hole

A $1.2 billion reduction in the Government’s annual equity injection into the Department of Defence’s accounts is set to filter through into a roughly half-a-billion dollar cut to the $32.3 billion Defence budget first outlined in the May 2016 federal budget. The withdrawal of Defence equity funding was revealed in the 2016/17 Portfolio Additional Estimates Statements (PAES) … [Read more...]

NSW launches new Defence and Industry strategy

New South Wales has become the first state to devise a specific response to the federal government’s publication of its inaugural Defence Integrated Investment Program, which has earmarked $195 billion of investment over the next ten years in new Australian Defence Force capabilities as Defence spending is progressively increased to two per cent of GDP by 2020/21. Released … [Read more...]