“2016 has been a watershed year for the defence industry,” Ferguson told Defence Connect, referring to the Defence White Paper, the Defence Integrated Investment Program and the Defence Industry Policy Statement.
Although much has been said about the government spend of $195 billion over the coming decade, the actual figure for the entire project line up is much more.
“The headline figure in the Integrated Investment Program is $292 billion,” he noted. “If you drill down, $44 billion worth is related to aerospace alone.
“There is another $50 billion worth that relates to things like joint [operations], ISR and training – and that includes things like training aircraft, sensors and space, and all those sectors have a proper place at an event like Avalon.”
“If you round it down, you’re looking at $100 billion worth of business opportunities from the Defence Integrated Investment Program at Avalon,” Ferguson pointed out.
Although that figure will be spread out over the next 25 years, Ferguson insists that this is the time to strike.
“If you’re looking to position yourself in the Australian defence market as a key player and you want to win business in that market, this is where you start.”