02 June 2014

News Story: Australia Boosts Defense Spending

MQ-4C Triton UAV

By NIGEL PITTAWAY

CANBERRA, AUSTRALIA — Australia’s new defense budget boosts spending by 6 percent over last year and forecasts movement on a number of large acquisition programs, including vehicles and helicopters.

The government of Australian Prime Minister Tony Abbott delivered its budget on May 13, the first since the Liberal-National Party coalition was elected in September.

Defense will receive AUS $29.2 billion (US $27.1 billion) in 2014-15 and $122.7 billion over the four-year forward estimates period. That represents a $9.6 billion increase from previous government’s figures, said Defence Minister David Johnston.

“This demonstrates our firm commitment to a strong and capable Australian Defence Force,” he said.

Read the full story at DefenseNews