About the Defence Review Future Defence spending, directions, priorities etc to be discussed at Expenditure Review Committee (ERC) comprising the PM, Treasurer and the Minister for Finance, along with other selected portfolio ministers - normally meets at the end of January/early February, prior to the first Parliamentary sittings for the year.
ERC considers new expenditure and revenue proposals during and between Budget updates. Decisions of the ERC require the endorsement of the Cabinet.
Expect Government Defence announcements prior to buget.
ATM SP is up 3.5% on no company news. Incremental SP increase is needed to maintain financial foundations. .
EOS Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)