Post-Covid-19 security environment renders Australian next generation investment essential
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In an indication of how defense budgets are likely to adapt to the post-COVID-19 security environment, on the 1st June Australian Prime Minister Scott Morrison announced US$190 billion in additional defense spending over the coming decade. The COVID-19 pandemic has had a destabilising effect, creating a world in Morrison’s words, that is “poorer, that is more dangerous and that is more disorderly.” Harry Boneham, Associate Analyst at GlobalData, comments, “in the context of this coming geopolitical reality, investment in next generation capabilities is becoming an imperative, rather than an indulgence.”
The post Post-Covid-19 security environment renders Australian next generation investment essential appeared first on Army Technology.
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