The Future Australian Navy Ep.7 Defence industry development strategy pt.2 #defencenews #australia
Channel: Soldiers Five
Date: 2024-03-11

A striking change in the 2024 Industry Strategy is the revised pre-requisites to be considered a part of Australia’s sovereign defence industry requiring only an Australian Business Number (ABN) not Australian ownership.  

It also relinquishes the idea that Australia’s defence industrial base will ever be truly self-reliant, a grudging acknowledgment that you can’t pull a developed Taiwan level semi-conductor industry out of nowhere overnight with press conferences. 

The government also promises targeted support for companies to integrate sovereign defence capability into existing and future defence procurements. Including some areas that in their own words may not be ‘commercially viable.’ 

Quote “This will include, where appropriate, investing in domestic manufacturing capabilities. Decisions will be made deliberately and be based on factors such as national security and value for money. Outside of priority areas, the Australian Industrial Capability Program will consider Australian businesses on a competitive basis.” end quote. 

A slippery slope for a country only narrowly avoiding a recession in 2024 and finally facing the long term effects of the covid pandemic. 

This is part one of a long series analysing the new document, strap yourselves in folks its going to be a long one.