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Tag: Australian Aerospace
Australian defense is considered one of the world's growth markets, even in the recent tough years. In 2009, the Australian government launched a new military modernization plan to upgrade its forces in order to counteract the threat posed by rising global terrorism, changing political dynamics in the Asia-Pacific region and the rising number of peacekeeping operations undertaken by Australian forces. With the exception of an anomaly in 2010, defense expenditure as a percentage of Australia’s gross domestic product (GDP) is expected rise consistently through 2016. In the years after, this rate is expected to be reduced again, to cover increased sustainment costs.
The Australian Defence Department completed a two-month diagnostic review of the MRH-90 Multi Role Helicopter Program, addressing delays to the project. While the program avoided the ‘Projects of Concern’ list, scrutiny of the program continues and its progress will be evaluated by a follow-on diagnostic review.