Government earmarks $3.4b for defence tech research

April 27, 2023 03:48 PM AEST | By AAPNEWS

Google News:

Government earmarks $3.4b for defence tech research — Image source: AAPNEWS

Recent News

Unlocking Share Value: How Rio Tinto (ASX:RIO) and Reece (ASX:REH) Sta...

Sunshine Metals Advances Sybil Project Acquisition | ASX 300 Gold Sect...

Patronus Resources (ASX:PTN) Defines Maiden Gold Target at Merlin Pros...

Provaris Energy (ASX:PV1) Drives Momentum in Hydrogen Tech | ASX 300 I...

Investment in hypersonic weapons and quantum and next generation technologies for the defence force will be accelerated under a new program.

The government will put $3.4 billion over the next decade into creating the Advanced Strategic Capabilities Accelerator to leverage Australian innovation to feed new technology into the defence force.

The six priority areas are listed as: hypersonics, directed energy, trusted autonomy, quantum technology, information warfare and long-range fire capability.

The vice chief of the defence force, chief defence scientist, deputy secretary and Capability Acquisitions and Sustainability Group will head up the body.

It will be operating by July 1 and undergo a phased start up over the first 18 months, replacing the Defence Innovation Hub and Next Generation Technologies Fund.

Defence Minister Richard Marles said uncrewed aerial, land and sea systems would be crucial in the future.

He said Australia needed to be able to position itself to be apart of the development of new technology.

Australia already invests in uncrewed systems, such as the Ghost Bat and Ghost Shark aerial and undersea drones.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.