The Australian Government has released the country’s first ever Defence Industrial Capability Plan, outlining Australia’s long-term vision and objectives for Australia’s defence industry.
“The Plan addresses Australian defence and defence industry sovereignty and outlines the initial Sovereign Industrial Capability Priorities,” said Minister for Defence Industry Christopher Pyne. “The Government is already investing $200 billion in Defence capability over the next decade through the Integrated Investment Programme,” he added, “Importantly, the Plan makes clear that to be considered an Australian Defence company having an ABN and a shopfront is no longer enough – we want to see Australian leadership, an Australian board, and an Australian workforce value-adding right here at home”
The Defence Industrial Capability Plan also highlights Sovereign Industrial Capability Priorities, which are industrial capabilities critical to achieving the Australian Defence Force’s operational mission and development of the future force over the next few years.
The initial Sovereign Industrial Capability Priorities are:
“A dedicated Sovereign Industrial Capability Priority grants programme with funding of up to $17 million per year will commence in the second half of 2018,” Pyne added.
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