We give up $8b defence dividend

Original article by Ben Packham
The Australian – Page: 4 : 3-Dec-25

The federal government’s support for local military suppliers is under scrutiny in the wake of its plans to establish an independent defence procurement agency. Government data shows that the list of the nation’s 15 biggest suppliers of military equipment includes just two that are Australian-owned; they accounted for about $5bn of the $87bn worth of procurement contracts over the last five years. The rest of these contracts were awarded to the subsidiaries of foreign defence contractors. Modelling undertaken on behalf of the Sovereign Australian Prime Alliance suggests that a modest increase in procurement from locally-owned defence companies could boost GDP by up to $8.1bn and create more than 25,000 jobs.

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