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.
Close
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Login
Do you know more? Contact James Riley via Email.