The Albanese government is set to tip up to $500 million into a co-investment fund that will back local companies developing dual-use technologies aligned with AUKUS Pillar II priorities, as it looks to deepen ties with private capital.
Defence Industry minister Pat Conroy on Wednesday unveiled the Advanced Capabilities Investment (ACI) Fund to finance advanced defence capabilities, targeting at least $1 billion in combined public-private capital.
The fund has been …
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