Australia Launches 10-Year, A$270Bn Defense Upgrade

Australian defense funding will grow over the next ten years to A$73.7 billion by 2029-30 with total estimated funding of $575 billion over the decade. (AUS DoD graphic)

The Morrison Government will invest $270 billion over the next 10 years to upgrade the capability and potency of the Australian Defence Force to keep Australians safe while protecting the country’s interests in a changing global environment.

In its 2020 Defence Strategic Update, released today, the Morrison Government will signal a key change in Australia's defence posture, as it prioritises the Indo-Pacific region.

The update provides a new plan to tackle Australia’s defence challenges while increasing investment and personnel across the entire ADF.

Prime Minister Scott Morrison said the Strategic Update would also mean more job opportunities as Australia’s increasingly capable and sovereign defence industry grows.

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