Boston, MA -- (SBWIRE) -- 02/05/2015 -- While there are limited major security threats to Australia over the short to medium term, BMI expects it to continue to play a prominent role in international peacekeeping military campaigns. This policy is currently being played out in Australia's recent military response to the threat posed by the Islamic terrorist group ISIS in the Middle East. We expect such strategic military objectives to continue to fuel arms procurements, particularly from its closest trade partner the US, and drive an increase in overall defence expenditure for the remainder of our forecast period.

Australian Prime Minister Tony Abbott has estimated that the country's involvement in Iraq is likely to cost half a billion dollars each year, and moreover that some personnel have already left for the Middle East. Australian special forces deployed to the region will be armed, but based in Iraqi and Kurdish military headquarters in an advisory role rather than directly fighting in the field against Isis.

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Nonetheless, we expect the intervention to increase demand for arms acquisitions and heighten the urgency with which the Australian Defence Force (ADF) renews itself. After ongoing operational and logistical investment in operations in Afghanistan, the Solomon Islands and Timor-Leste, the ADF is now focused on re-grouping and optimising its resources to support its strategic goals for the revised 2030 strategy.

A Defence White Paper published in late 2013 outlined the importance of the ADF to the overall success of the Australian economy and nation. We have since witnessed a renewed sense of importance attributed to the ADF, and some recent organisational changes, including a change in the ADF chief in June 2014. For these reasons, and to meet the demand created by the country's involvement in a new conflict, we expect Australia's defence expenditure to increase throughout the projection period with the total expenditure in AUD increasing at an average annual rate of 6%...

The Australia Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Australia Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Australian defence and security industry.

Key Benefits

- Benchmark BMI's independent defence and security industry forecasts on Australia to test other views - a key input for successful budgetary and strategic business planning in the Australian defence and security market.

- Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Asia.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

Global and Regional Political Outlooks

A strategic overview of the world's major political risks, identifying countries facing leadership successions and nations at risk of upheaval, inter-state conflict or separatism and insurgencies, plus a summary of the world's 'wild card' low-probability high-impact risks.

SWOT Analysis

Snapshot evaluation of the major issues affecting the defence and security sectors, economy and politics, with issues subdivided into 'Strengths', 'Weaknesses', 'Opportunities' and 'Threats'.

Political Risk Assessment

Drawing on BMI's heritage of more than 25 years of Country Risk analysis, this comprehensively evaluates the key risks to domestic politics and foreign relations, focusing on issues most likely to affect either domestic security or the defence sector.

Security Risk Analysis

BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict, terrorism and criminal risk, backed up by our analyst's latest assessment of each component. Furthermore, drawing on our country risk expertise, we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.

Armed Forces Spending/Expenditure

The reports contain a detailed breakdown of areas of expenditure by the armed forces, these include spending on international deployments, WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.

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