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SME capability key to supporting Australia’s defence industry

July 1, 2016 • News

A Lockheed Martin Australia and Ai Group co-convened Forum gathered senior leaders from Australia’s industry, defence and academic communities to discuss the importance of small to medium enterprises (SMEs) in helping Australia meet its security and defence industry objectives.

Image credit: www.lockheedmartin.com

Image credit: www.lockheedmartin.com

Held last week, Securing Australia’s SME Defence Capability Forum explored the key challenges and opportunities for the growth of the nation’s SME sector, not only in the provision of Australia’s defence materiel, but also in the transition of the wider economy.

The Forum included keynote speakers from Lockheed Martin Australia, University of South Australia, Nova Group, Defence Teaming Centre Inc, Defence Materials Technology Centre, UniSA Ventures, Ai Group South Australia and SAGE Group Holdings Ltd, all of whom advocated for a concerted focus on capability planning and R&D investment in Australia’s SME sector as critical for Australia’s defence industry.

In his keynote address, Lockheed Martin Australia Board Member Kim Beazley highlighted the potential for the defence sector and the role of SMEs in securing Australia’s place on the global stage.

“In rebalancing our economy in the context of the end of the mining boom, Australian industry has significant responsibilities. The defence sector will play a key role in this transition, and will provide substantial opportunities for our nation’s SMEs,” he said.

“In order to facilitate growth and to foster innovation in the defence industry, it is imperative that we place a concerted focus on our SME sector and the opportunities to expand its capabilities. Investing in SMEs, including those spearheading new research and development, will expedite the transformation of Australian industry and ensure that Australia meets its security and economic objectives.”

Image credit: aigroup.com.au

Image credit: aigroup.com.au

Ai Group Councillor and Managing Director SAGE Group Holdings Ltd, Andrew Downs also stressed the importance of SME’s in supporting and advancing Australia’s defence industry.

“Today’s forum raised important questions about the future of Australia’s defence sector and placed a spotlight on the role of SMEs, particularly in taking advantage of the opportunities here in the South Australian market,” he said.

“Industry collaboration and openness will play a key role in ensuring that we have a sustainable supply chain and reach targets for the broader industry.”

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