The Future Australian Navy Ep. 9 Defence industry development strategy pt.4 #defencenews #australia
Channel: Soldiers Five
Date: 28/03/2024

Despite acknowledging an inability for Australia’s defence procurement to ever be fully self reliant the 2024 Development strategy is not letting that be a crutch to allow ongoing deficiencies and gaps in the supply chain exist. 

The document outlines a clear strategy to rectify these issues utilising prime contractors, your industry heavyweights think BAE or Lockheed Martin, to uplift or found companies using grants or preferential contracts to stimulate indigenous growth. 

These grants will come from already existing initiatives such as the buy Australian plan and national reconstruction fund. 

The aim is to build more tier 2 companies, business' with between 20-200 employees, effectively closing the gap between small local enterprises. Such as Bill and his two mates that are really good at supplying software patches, and the multinational corporations any modern military must rely on.  

Part two of this support is the reform of the Office of Defence Industry Support, acting as a liaison between industry and defence, identifying for defence what companies can best support a capability and identifying for struggling companies what grants and opportunities may be available.