A quantitative analysis of Australia
Published: August 1, 2016
Australia is forecast to grow its defense spending and defense procurement. The data used in this report is sourced from Avascent’s Global Platforms and Systems tool, which identifies and forecasts defense procurement in the U.S. and abroad.
- Australia plans to increase defense spending substantially to reach 2% of GDP
- In the near term, Australia’s spending is driven by aircraft procurement projects
- Procurement is driven by the 12 Collins-Class replacement submarines and 225 new wheeled combat vehicles
- Australia has no offset policy, instead it has a series of policies and initiatives that
promote local industry growth through global trade shows and workforce training