"Burgess reckons that out of the $270 billion defence budget...

"Burgess reckons that out of the $270 billion defence budget allocated by the Australian government, around 70% of that will go to foreign suppliers, which are mainly made up of existing supply chains in Europe and North America.So that leaves 30% of the $270 billion onshore, but then you’ve got the US defence companies locally that take the lion’s share of that (possibly another 70%).“The remaining portion is the pot the Australian industrial base is going after,” he lamented.“You often see multibillion dollar defence programs being announced but in the end, there are only single digit million dollar contracts being awarded to Australian companies.”

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https://unauthorised investment advice/tech/could-asx-defence-stocks-gain-from-growing-defence-budget-heres-what-quicksteps-ceo-mark-burgess-thinks/