The Maryland Department of Commerce invites you to learn about the new Maryland Defense Diversification Assistance Program that is designed to assist Maryland companies with dependence on US Department of Defense contracts to expand into international markets. The presentation will highlight Australia (particularly the State of Victoria) as a destination for exporting and partnerships.
In March 2016, Australia announced a 10-year, $146 billion (USD) defense equipment investment program. Annual total defense expenditure is $25-30 billion (USD) and defense acquisition and sustainment is a large part of this figure.
Australia has various defense agreements with the United States including a Defense Trade Cooperation Treaty, which prioritizes interoperability with the US. Australia has no “Made in Australia” mandates.