Missiles loaded onto defence wishlist, hard cuts marked

April 21, 2023 03:01 PM AEST | By AAPNEWS
 Missiles loaded onto defence wishlist, hard cuts marked
Image source: AAPNEWS

A wide-ranging review of Australia's defence force has recommended projects immediately be delayed and stripped back to address overspend. 

The Defence Strategic Review recommends a land combat vehicle program that would have produced up to 450 infantry fighting vehicles be cut back to 129 to provide a single mechanised battalion.

It also recommends programs for medium and heavy landing craft, long-range missiles and mobile land-based missiles used to strike maritime targets be accelerated and expanded. 

But it says a second regiment of self-propelled howitzer artillery should be cancelled. 

The review was foreshadowed by a change in defence posture to focus more on long-range strike capabilities and being able to combat and deter adversaries further from Australia's shores.

It was conducted independently by former defence force chief Angus Houston and former defence minister Stephen Smith and doesn't reflect government policy. 

An unclassified version of the review will be released on Monday, but some of the more than 100 recommendations will remain classified. 

One chapter specifically addresses funding issues and budget constraints, outlining that programs outstripped capacity by 24 per cent over the forward estimates. 

It says new capability requirements coupled with demand for existing programs, as well as workforce pressures, means difficult decisions will need to be made. 

Between the 2020 defence strategic update and the start of the review in August 2022, there were $42 billion worth of defence announcements over the decade to 2032/33 with no additional provisions in the budget. 

The defence budget also had to contend with a $15 billion reduction in allocated spending over the same decade due to reallocations and efficiency dividends, according to the review.


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.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.