Tasmanian Defence Industry Strategy launched
Tasmania’s second defence industry strategy was launched in late November at the annual Defence Futures Forum, held in Launceston.
The five-year Tasmanian Defence Industry Strategy 2023 sets the framework for increasing the share of the high value defence market held by local companies.
With planned national defence spending alone sitting at $195 billion and worldwide allied defence spending coming in at trillions of dollars, the strategy aims to grow Tasmanian businesses’ capabilities in education, advanced manufacturing, IT and defence focused businesses, as well as help more businesses enter this market.
Following on from the first strategy, launched in 2016, the new strategy builds on Tasmania’s considerable list of achievements in encouraging and facilitating the establishment of new defence opportunities in Tasmania and the growing number of local businesses signing significant defence supply contracts.
With the support of the Tasmanian Defence Advocate and guidance from the Defence Industry Advisory Committee, the Department of State Growth is continuing to pursue opportunities to grow this niche sector.