$RTX and $LMT, what’s your take on it? Australia’s $185 billion defense spending! : StockMarket


https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-06-30/australia-s-defense-spend-to-surge-amid-contest-in-indo-pacific

Prime Minister Scott Morrison has announced an overhaul of Australia’s defense strategy and force structure, as the U.S. ally looks to counter an increasingly assertive China in an Indo-Pacific region he calls “the focus of the dominant global contest of our age.”

In a major speech delivered in Canberra on Wednesday, Morrison said that his government will spend A$270 billion ($185 billion) in defense capability over the next decade, from about A$195 billion when the nation’s previous strategic overhaul was announced in 2016.



Source link

Leave a Reply

%d bloggers like this: