Powered by MOMENTUM MEDIA
Home / key enablers / Australian defence SMEs need global competition reality check

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Australian defence SMEs need global competition reality check

australian defence smes need global competition reality check

Australian SMEs operating in the defence niche must come to grips with the fact that they are competing on a global playing field, or risk losing out in an increasingly volatile market prone to ongoing disruption.

That was the message from former Lockheed Martin CEO Rear Admiral (Ret'd) Raydon Gates, who told Defence Connect that innovation, in essence, originates with SMEs.

Advertisement
Advertisement

"Our present government is pushing hard on innovation and growth," he said. "Innovation comes from the small and medium [companies], they are the breadbasket of ideas."

Gates said it is subsequently incumbent on the primes to devise ways in which to add the smaller players to that existing industry ecosystem.

“How do we give them the opportunity to be part of our companies as we go forward with their ideas, and transform their ideas into reality?’ he said.

"In my uniform days and my defence industry days, I can't recall a time as exciting as this,” Gates said, warning however that “one of the things that Australian SMEs have to realise when they get into a global supply chain [is that] global is real".

SPONSORED CONTENT

 

"They are competing against the world, so their product has to stand up against the world if they want to play in this particular prime space," he said.

Australian defence SMEs need global competition reality check
Australian-technology.jpg
lawyersweekly logo

more from defence connect

Sep 18 2019
Hawkei success for Thales procurement team
Thales Australia’s procurement team has met with success at the ASCI2019 Conference for its eff...
Sep 19 2019
Defence commits to research to enhance fitness of Aussie troops
Eight Australian universities will conduct additional research into human performance aimed at enha...
Sep 19 2019
Aussie and US uni collaboration to work on next-gen autonomous systems
Defence Industry Minister Melissa Price has announced a $3 million collaboration agreement between A...
FROM THE WEB
Recommended by Spike Native Network