Australia goes on spending spree
Australia plans to spend some US$140.5 billion over the next decade ‘to fund investment in support of the future force,’ and bring the defence budget beyond the stated target of 2% of GDP by FY2020-21.
Canberra released its long-delayed Defence White Paper on 25 February, providing insight into the country’s strategic outlook and future force posture.
For the first time, the release of the white paper was accompanied by a Defence Integrated Investment Programme (DIIP) setting out the level of investment needed to develop and sustain Australia’s defence capabilities over the next decade.
The white paper has been met with
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
-
Collins MAPS Gen II to equip US DoD watercraft
US services have already conducted multiple tests with military maritime systems fitted with the system.
-
OCCAR expects substantial boost in programme numbers “in the coming months”
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.
-
MBDA CEO emphasises “moment of truth” for Europe as company sees €37 billion backlog
MBDA CEO Éric Béranger stressed the company’s role supporting European countries with complex weapon systems and focused on boosting production against the backdrop of “shifting” geopolitical alliances.