Is the Defence Strategic Review a plot to kill Australian industry? - APDR
https://asiapacificdefencereporter.com/is-the-defence-strategic-review-a-plot-to-kill-australian-industry/
"A full order of 450 very hi-tech IFVs in the form of either the Hanwha Redback or the Rheinmetall Lynx will cost around $25 billion. It is expected that 60% of that will go directly to local industry – although some things such as diesel engines and automatic transmissions will always be imported – and once they have been delivered, support costs over their 30-year life might be around another $50 billion. This buys a lot of jobs and a lot of technology in all Australian states and territories."
That's $15b to local industry or expected 60%.
RBtL and if the paper talk is 'on the money', Australian defence sector is expected to grow ... very fast. That's excluding foreign order contracts. Is the Defence Strategic Review a plot to kill Australian industry? - APDR
https://asiapacificdefencereporter.com/is-the-defence-strategic-review-a-plot-to-kill-australian-industry/
"A full order of 450 very hi-tech IFVs in the form of either the Hanwha Redback or the Rheinmetall Lynx will cost around $25 billion. It is expected that 60% of that will go directly to local industry – although some things such as diesel engines and automatic transmissions will always be imported – and once they have been delivered, support costs over their 30-year life might be around another $50 billion. This buys a lot of jobs and a lot of technology in all Australian states and territories."
That's $15B to local industry or the expected 60% of $25B.
RBtL and if the paper talk is 'on the money', Australian defence sector is expected to grow ... very fast. That's excluding foreign order contracts.
EOS (ASX's: DRO, XTE and TNT) and others are well placed in this mix ?
(20min delay)