Moves to put troubled defence projects under greater scrutiny is expected to drive improvements among contractors.
Poorly performing military contractors face much greater likelihood of suffering reputational damage under the Albanese government’s, hurting their ability to bid for future projects and securing foreign sales.
The government released an analysis showing 28 major projects are running cumulatively 97 years late, with 18 projects $6.5 billion over their original budget. The biggest budget deviation was with the Joint Strike Fighter at $2.4 billion, while the MRH90 helicopter is running more than 10 years late for achieving final operational capability.
The government will also convene regular ministerial summits with senior defence officials and defence contractor executives to thrash out issues with projects. “So the first step is to stop more schedule drift, and work with defence industry and the department to maintain current schedules and where they can, to be improved.”
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Dud defence firms could miss out on future workMoves to put troubled defence projects under greater scrutiny is expected to drive improvements among contractors.
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