New Market Research Report: Australia Defence & Security Report Q4 2013
BMI View: The Australian defence industry is currently in a state of flux. Having planned swingeing defence-spending cuts as part of a cross-government deficit-reduction strategy, the administration of Julia Gillard made a dramatic U-turn in May 2013, pledging to increase the Department of Defence's allocation from AUD24.18bn this year to AUD30.7bn in 2016-17. A new Defence White Paper, also released in May, then retained the ambitious capabilities sought by Canberra in the previous 2009 White Paper. However, the ousting of...
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