The Victorian Defence Vision Statement outlines targets for Victoria’s defence section in 2030
Identifying Victorian as a global defence and national security powerhouse that delivers critical capabilities and workforce talent for Australia and its partners, this vision statement focuses on three strategic focus areas. These are:
· Secure: Australian and global defence investment
· Grow: Supply chain uplift and resilience
· Train: Build critical skills and foster innovation and research and development
The statement outlines that “The Australian Government will spend $765 billion on defence over the next decade, presenting a significant opportunity for Victoria to secure substantial investment and trade outcomes, including high-value jobs, capital investments, exports, skills, and innovation.”
As part of the target to grow the defence supply chain ecosystem it is recognized that defence and aerospace SMEs form a backbone of Victoria’s broader advanced manufacturing ecosystem, and out State has many businesses, including Corvus Technology Solutions, capable of providing goods and services for defence-related projects.
Corvus’ case study, on page 29 of the statement highlights the pathway to securing the Hanwha contract to manufacture nearly 2000 suspension units for the Redback IFV. Valued at $100 million this contract makes CTS one of Hanwha’s top suppliers for the LAND 400 Phase 3 project.
The Hon. Colin Brooks MP, Minister of Industry and Advanced Manufacturing states in his message that: “Victorian has pride of place as the nation’s manufacturing heartland. Nowhere is that more evident than in our defence industry.“
“Our strong economic environment, means a growing number of around 2,500 defence supply chain businesses are anchored in Victoria, including local success stories such as Cablex, Corvus Technology Solutions, Marand and SYPAQ.”
Read more about how Victoria is investing in our defence industry in the statement:
https://defence.vic.gov.au/publications/the-victorian-defence-vision-statement-2030
