Industry Analysis & Industry Trends
Funding growth for the Australian Defence Force (ADF) has slowed slightly over the past few years, as the Federal Government begins to pursue surplus federal budgets. Government funding for the industry is worth between 90.0% and 95.0% of industry revenue each year. The industry has increased at an estimated 1.1% annualised over the five years through 2012-13, with revenue declining by 4.1% in 2010-11. The recently released Defence White Paper (DWP) 2013 outlines the government's funding commitment to national security and defence, despite global economic uncertainty. The paper also provides details about Australia's defence and national security role in the Asia-Pacific region, and the growing economic and political importance of China... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Defence industry in Australia is exclusively controlled and managed by the Federal Government, and therefore is considered to have an extremely high industry concentration level. The army, navy and air force together are estimated to account for approximately two-thirds of defence activity in 2012-13, which has remained relatively stable over the past five years.
An alternative way to analyse concentration is to assess the share of the supply chain that is controlled by the industry. A trend exists in which the industry has been contracting work out to private contractors. In the past, the Department of Defence owned industry specific manufacturing plants and trained its own personnel to carry out required tasks... purchase to read more