New Market Report Now Available: Australia Defence & Security Report Q3 2010

July 25, 2010 - PRLog -- Australia is a country with virtually no internally generated threats, but with mild exposure to external threats due to its close association with the US, plus its military involvement in both Iraq and Afghanistan. To date there have been no terrorist attacks in Australia. However, several persons were arrested last year for allegedly planning to attack an army base west of Sydney. Also more than 100 Australians were killed in the Jemaah Islamiyah (JI) terrorist attack on Bali in 2002.

Australian forces are active in peace keeping missions in Timor Leste, Bougainville and the Solomon Islands. They are also involved in coastal surveillance along Australia's massive northern border and they maintain anti-terrorist watch on the off shore oil and gas platforms.

The all-volunteer forces are relatively well equipped, but much of the hardware is ageing and the government is facing the need for considerable capital investment for both the navy and air force over the coming decade. For instance, the government's defence white paper, released in May 2009 recommends a considerable expansion of the navy, doubling the submarine fleet from six to 12, acquiring three new air warfare destroyers, eight new well armed frigates, 24 new naval combat helicopters, a larger fleet of more powerful patrol craft and development of serious anti-submarine warfare capability.

Most of this equipment will be imported, though local offset programs will ensure benefits accrue to the local defence industry.

Apart from shipbuilder Austal, which is listed on the Australian Securities Exchange and has operations in the US, most of the local industry consists of subsidiaries of global players including Boeing and Thales. These companies have been relatively successful by gaining a participation in projects such as the Joint Strike Fighter programme.

Economically, Australia fared better than many countries through the global financial crisis. The Australian economy was highly responsive to the fiscal and monetary stimuli initiated by the Australian government and Reserve Bank of Australia (RBA), and the current growth momentum looks likely to be sustained in H110. As such, we have revised our 2010 growth forecast to 2.3% from an earlier projection of 1.9%. Further down the road, however, we believe that the current recovery will stall as household debt burdens become an increasing drag on domestic demand. Consequently, we are pencilling in belowconsensus real GDP growth of just 1.6% in 2011.

For more information or to purchase this report, go to:
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Report Table of Contents:

Executive Summary
SWOT Analysis
- Australia Security SWOT
- Australia Defence SWOT
- Australia Political SWOT
- Australia Economic SWOT
- Australia Business Environment SWOT
Global Defence Overview
- Table: Election Timetable, 2010
South East Asia Security Overview
- South East Asia In A Global Context
- Challenges And Threats To Stability And Security
- Main Islamist Militant Groups In South East Asia
- Piracy In The Malacca Strait
- The South China Sea/Spratly Islands
- Other Regional Threats
- Sino-US Rivalry In South East Asia
- The Outlook For South East Asia
Indian Ocean: The Growing Struggle For Dominance
- The Geopolitical Significance Of The Indian Ocean
- China: Seeking A 'String Of Pearls'
- Some Disclaimers On The 'String Of Pearls'
- India: Moving To Counter China
- US: A Powerful Force And A Key Balancer
- Table: Indian Ocean Powers
- The Other Players, Present And Future
- Passive Players: The East African Coast
- Key Risks To Minor Players
- Conclusion: No Decisive Hegemon Likely
Security Risk Analysis
- BMI's Security Ratings
- Table: Asia Pacific Regional Security Ratings
- Table: Asia Pacific State Vulnerability To Terrorism Index
- Australia's Security Risk Rating
- City Terrorism Rating
- Table: BMI's Asia City Terrorism Index
Political Overview
- Domestic Politics
- Long-Term Political Outlook
Security Overview
- Internal Security Situation
- External Security Situation
Armed Forces And Government Spending
- Armed Forces
- Table: Regional Armed Forces, 2010 Forecast (including conscripted, '000 personnel)
- Defence Budget
- International Deployments
- Weapons Of Mass Destruction
Market Overview
- Industry Trends And Developments
- Arms Trade Overview
- Procurement Trends And Developments
Industry Forecast Scenario
- Table: Australia's Armed Forces, 2007-2014 (personnel)
- Table: Australia's Defence Sector, 2006-2014
- Macroeconomic Forecast Scenario
- Table: Australia - Economic Activity, 2007-2014
Company Profiles
- Austal
- BAE Systems Australia
- Boeing Australia
- Raytheon Australia
- Thales Australia
Country Snapshot: Australia Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2012
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- How We Generate Our Industry Forecasts
- Defence Industry
- City Terrorism Rating
- Table: City Terrorism Rating Methodology
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.