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Defence Export

Australia to spend $3.1 billion to increase stake in global arms exports
(Reuters) Source: X80001

The Federal Government will offer billions of dollars in loans to companies that build military equipment in a push to expand Australia's arms-exporting market.


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By James Elton-Pym

Source: SBS



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The Federal Government will offer billions of dollars in loans to companies that build military equipment in a push to expand Australia's arms-exporting market.


Prime Minister Malcolm Turnbull says he wants Australia to be among the top 10 arms exporters in the world within a decade. But aid agencies and the Greens have sharply criticised the plan, warning the weapons could end up in the wrong hands.


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