What the election result means for the Australian Defence industry

Posted: 21st May

Following a tight race the Coalition has been returned to power. Here’s what the Coalition’s re-election means for the Defence Portfolio. 

The Coalition has hung on to office – with promises of continued momentum and investment into developing the Australian Defence Force and supporting the growth and sovereign capabilities of Australia's defence industry. 

The projected federal budget surplus for the 2019-20 financial year will support growth and investment in defence industries, the PM said, particularly through the Liberal Party’s planned naval shipbuilding projects.