Tag: Defence Industry

Seven deadly sins in the Defence industry – Pearls and Irritations

Top of nuclear submarine. Naval fleet.

And the LNP will blame the ALP

If previous defence acquisitions are any guide, the enormous cost of nuclear-powered submarines for the Royal Australian Navy will almost certainly escalate well beyond the estimated but un-itemised initial price of $A368 billion. The record of corruption of the two US submarine builders suggests that the project will also probably suffer from mismanagement. The final bill is likely to be astronomical.

Source: Seven deadly sins in the Defence industry – Pearls and Irritations

WSJ Worries Debt Limit Fight Could Jeopardize Military Contractors’ Profit – scheerpost.com

Murdoch in America is worried about the profits

The Wall Street Journal is very concerned about the effects of the debt limit fight…on military contractors. In an article (5/12/23) headlined “Debt-Ceiling Fight Weighs on Defense Industry,” the paper reported, “If the US defaults on its debt and is unable to pay all its bills this summer, the pain will fall squarely on the defense industry.”

Source: WSJ Worries Debt Limit Fight Could Jeopardize Military Contractors’ Profit – scheerpost.com