$100B For Defence.

Prime Minister Malcolm Turnbull has announced a big uplift in defence spending over the next decade which he says “That’s going to be a very profitable source of business for industry.”

It includes $89 billion for the Navy with 12 submarines, 9 anti-submarine warfare frigates and 12 offshore patrol vessels.

Total spend is estimated to reach $195B by 2021.


Source: Manufacturers Monthly