Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

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

$100bn on offer in Australian defence aerospace

billion up for grabs in australian defence aerospace
$100 billion up for grabs in Australian defence aerospace

The 2017 Australian International Airshow and Aerospace & Defence Exposition is the perfect place to be for budding aerospace businesses, according to Executive Manager Industry Development of Avalon 2017, Greg Ferguson.

The 2017 Australian International Airshow and Aerospace & Defence Exposition is the perfect place to be for budding aerospace businesses, according to Executive Manager Industry Development of Avalon 2017, Greg Ferguson.

“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.

Advertisement
Advertisement

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.

SPONSORED CONTENT

 

“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.”

$100bn on offer in Australian defence aerospace
100-billion-up-for-grabs-in-Australian-defence-aerospace.jpg
lawyersweekly logo

more from defence connect

07:04
US Air Force awards first upgraded F-15EX fighter contracts
The US Air Force has awarded a nearly US$1.2 billion contract to source the first batch of eight F-1...
Jul 14 2020
Stick to the rules: Pompeo rebuffs Beijing’s SCS ambitions
US Secretary of State Mike Pompeo has issued a stark warning and clarification of America’s positi...
Jul 14 2020
Photo essay: The ADF in the Antarctic
Operation Southern Discovery encompasses the ADF’s contribution to Australian scientific, environm...
FROM THE WEB
Recommended by Spike Native Network