Local Defence primes needed to spur innovation: Joe Hockey


Brandon How
Reporter

Former Treasurer and Ambassador to the United States Joe Hockey says Australia needs Defence prime contractors to support local innovation and scale domestic manufacturing.

In an address to the National Press Club, the founder of advisory and investment firm Bondi Partners said large Defence companies have the expertise to identify the technologies with dual Defence and civilian uses.

A local Defence giant could also “triage the small players” by investing or contracting companies into their supply chain.

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