Meagre funding and a lack of clarity over the direction of the advanced technologies component of AUKUS is threatening the success of the all-important ‘Pillar II’ initiative, according to the nation’s top industry group.
In a new report on Monday, the Australian Industry Group detailed concerns from more than 100 defence industry stakeholders that AUKUS Pillar II “remains under-developed”, and called for the program to evolve.
“Our research shows that while there is strong political backing for AUKUS Pillar II, the initiative must be given clear capability and acquisition pathways and specific, designated funding,” Ai Group chief executive Innes Willox said.
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