Subscribe to our free daily newsletters
. Military Space News .




Subscribe to our free daily newsletters



MILPLEX
Australian Defense Industry Expected To Grow

File image.
by Staff Writers
Amsterdam, Netherlands (SPX) Apr 04, 2011
The Australian defense industry is expected to grow at a CAGR of 1.97% from a value of US$20.8 billion in 2009 to US$24.7 billion by 2015. Indeed, in 2009, the Australian government launched a new military modernization plan to upgrade its forces in order to counteract the threat posed by rising global terrorism, changing political dynamics in the Asia-Pacific region and the rising number of peacekeeping operations undertaken by the Australian forces.

Furthermore, with the exception of a spike of 2.3% in 2009, defense expenditure as a percentage of its gross domestic product (GDP) is expected to increase from 1.9% in 2005 to 2.1% in 2015.

However, while the capital expenditure as a percentage of defense budget peaked at 29.4% in 2009, the government is expected to decrease this value to 23.7% by 2015. This is due to the increased budget allocation for revenue expenditure in order to manage matters such as death and retirement benefits, and support services.

During the forecast period, the key market opportunities in the defense industry are expected to emerge in categories such as defense information technology, unmanned aerial vehicles (UAVs), helicopters, upgraded vehicles, armory, submarine rescue vehicles, sonar systems, troop protection equipment, patrolling ships, monitoring and security equipment.

Australian companies included in the study:

+ Raytheon Australia

+ Boeing Defense Australia

+ Saab Systems

+ General Dynamics Land systems Australia

+ Lockheed Martin Australia (LMA)

+ Navantia, Tenix Defense

+ Australian Aerospace

+ Serco Sodexho Defense Services (SSDS)

+ Thales Australia

+ ASC



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
-
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


MILPLEX
Elbit And IAI Establish Joint Company
Haifa, Israel (SPX) Mar 21, 2011
Elbit Systems has announced the signing of a founder's agreement (the "Agreement") with Israel Aerospace Industries ("IAI") to establish a joint company and a limited partnership (collectively the "Joint Entity") to perform a potential project of purchasing and maintenance of advanced training aircraft, as well as additional services (the "Project"), for the Israeli Ministry of Defense (the "MoD ... read more







MILPLEX
LockMart Awarded THAAD Production Contract

LockMart Huntsville Integrated Test Center To Support For Missile Defense

Israel deploys 'Iron Dome' anti-rocket system

US Welcomes Mutually Reinforcing Missile Defense Cooperation With Russia

MILPLEX
US Navy Accomplishes Several Firsts During Operation Odyssey Dawn

Boeing Supports First Hellfire Test Launch From Avenger System

Multipurpose HELLFIRE II 'Romeo' Strikes Target

Rocket slams into Israel city as Gaza violence spirals

MILPLEX
Northrop Grumman Ships First Broad Area Maritime Surveillance Fuselage

Northrop Grumman Submits Final Proposal For NATO Alliance Ground Surveillance

Dassault, BAE press ahead with drone plan

Mexico defends decision to use US drones in drug war

MILPLEX
Preparations Underway As US Army Gears Up For Large-Scale Network Evaluations

Raytheon BBN Technologies To Protect Internet Comms For Military Abroad

Gilat Announces New Military Modem For Robust Tactical Satcom-On-The-Move

Advanced Emulation Accelerates Deployment Of Military Network Technologies

MILPLEX
US Army Selects AAI's Man-Portable Aircraft Survivability Trainer

Argon ST Awarded Joint Precision Air Drop System Ultra Light Weight Contract

Picatinny Fields First Precision-Guided Mortars To Troops In Afghanistan

Small Diameter Bomb II Program Completes CDR

MILPLEX
Gurkas in first wave of British military job cuts

US freezes arms shipments to Lebanon: report

Armoured Vehicle Worth Over 10 Billion Dollars

Australian Defense Industry Expected To Grow

MILPLEX
Commentary: Celebrity diplomacy

China: Peaceful military development

Tsunami washes away hopes for Japan's young

ASEAN disunity weakening China relations

MILPLEX
Scientists Build World's First Anti-Laser

Yale scientists build 'anti-laser'

'Air laser' could find bombs at a distance

ONR Achieves Milestone In Free Electron Laser Program


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement