Turnbull highlights benefits of defence industry investments

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Turnbull,Defence Industry,Investments

Australian Prime Minister Malcolm Turnbull emphasizes the positive impact of investments in the defence industry on the economy and local businesses.

When Malcolm Turnbull addressed the auditorium full of Defence top brass and the cadets that would lead the military for decades to come to launch the 2016 defence white paper, he was particularly enthusiastic about what it meant for industry. “Indeed, our investments in Australian industry and technologies will generate benefits beyond the Australian defence industrial base,” Turnbull said at the Australian Defence Force Academy.

“Australian military innovation will spur greater and broader economic activity. It will bring benefits to local businesses and communities right across our nation. “Our shipbuilding workforce will be building the navy’s frigates, offshore patrol vessels and major and minor war vessels for decades to come. The government’s continuous build strategy for the Australian submarine industry recognises the long construction timelines for the new submarine

 

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