A booming defence industry in Australia is creating growth opportunities for manufacturers. With major projects and government programs supporting the industry for years to come, Australian manufacturers can invest in the Defence sector that is expected to keep prospering. The Australian Defence Industrial Capability Plan 2018 outlines that about $195 billion will be invested into Australia’s defence capabilities over the next 10 years.
The key products and services to be invested in comprise:
- Land combat vehicles
- Combat clothing
- Aerospace integration
- Explosive ordnance
- STEM strategy
- Global supply chains
The Australian government is backing local businesses so they can grow and prosper by exporting expertise to the world. Exports will help strengthen Australia’s defence industry and build the nation’s sovereign defence capability, critical to keeping Australia safe and secure. This presents huge opportunities for Australian manufacturing and fabrication businesses looking to re-invent themselves, products and services.
Our Steel Efficiency Review® looks to support businesses aiming to re-design their operations and manufacturing capabilities. The Steel Efficiency Review® aims to provide recommendations to change and improve our customer’s business and at the same time our product and service offer.
Source and Further Information: Manufacturer’s Monthly Paper -> Top 10 Products And Services Defence Is Investing In