Turnbull wants Australia in world's top 10 arms exporters

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 Source: AAP

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.