New Market Report Now Available: Australia Defence & Security Report Q4 2010

Fast Market Research recommends "Australia Defence & Security Report Q4 2010" from Business Monitor International, now available
 
Oct. 18, 2010 - PRLog -- Australia's latest Federal election, which was held on August 21, 2010, has resulted in the return of the Australian Labor Party (ALP), under Prime Minister Julia Gillard, albeit as a minority government. The government relies on the support of one Green and three independent members of the House of Representatives (i.e. the lower house of Australia's parliament) to hold office with a majority of just one seat. Meanwhile, the Greens will decisively control the balance of power in the Senate (i.e. the upper house) from the middle of 2011.

In general terms, the ALP's views of foreign affairs and defence issues are broadly consistent with those of the Liberal/ National Party coalition. However, they are not necessarily consistent with those of the Greens. The implication is that it will be much harder for the government to take major new initiatives in foreign affairs and defence than was the case prior to the election - or indeed, during the previous coalition administration under Prime Minister John Howard (1996-2007).

Australia's defence costs come from two areas. The first is the recurrent cost to support a small, professional, all-volunteer defence force, especially one with current international deployments in Iraq, Afghanistan, Timor Leste and the Solomon Islands. The second issue is the altogether more complex question of capital expenditure. Here there are competing demands from the three services against a limited budget that cannot accommodate all the demands made on it. The key direction is set from time to time by a defence white paper that attempts to establish the strategic outlook so that equipment and force needs can be put into perspective and prioritised. The earlier 2000 paper was replaced last year by the 2009 white paper, Defending Australia in the Asia Pacific Century: Force 2030. This document is now being questioned in light of the new political situation. Some procrastination and some delays in decision making seem almost inevitable.

Despite the probability of some delays and some changed priorities, many of the main assets of both the navy and the air force will have to be replaced. The ageing fleet of F111's has now been taken out of service, to be replaced - on an interim basis - by new F/A18F Super Hornets; The previously announced expansion of the submarine program from six to twelve boats, on the other hand, is less certain. Much of the new equipment will be imported and the United States has traditionally been the largest supplier to the Australian defence forces. Local offset programs mean that work will be generated locally and the need to meet offset requirements makes participation by new players more complicated. A number of the major international players, including Boeing, Raytheon, Thales and BAE, have had a presence in Australia for many years. Local shipbuilder Austal is something of an exception. Australian based and owned, it also operates shipyards in the US that build vessels for the US Navy.

Economically, we have mixed views on the Australian position and outlook. While the country fared better than most in avoiding recession following the global financial crisis, we still believe there is a substantial risk of the economy suffering a double-dip recession. We are particularly cautious regarding the risk that the over-heated property market may collapse, leaving the local banks badly exposed.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/88512_australia_defence_securi...

Partial Table of Contents:

Executive Summary
SWOT Analysis
- Australia Security SWOT
- Australia Defence SWOT
- Australia Political SWOT
- Australia Economic SWOT
- Australia Business Environment SWOT
Global Political Outlook
- Global Hotspots
- Table: Election Timetable, H210-2011
- United States: Obama To Be Tested By Mid-Term Elections
- Latin America: Beyond Lula
- Western Europe: All About Austerity
- Central Europe: New Governments To Be Tested
- South-East Europe: Turkey's Ongoing Evolution
- Russia And The Former Soviet Union: Focus On Security
- Middle East: Ongoing Challenges
- Sub-Saharan Africa: The Election Conundrum
- Asia: The Usual Risks Prevail
- Wild Cards To Watch
South East Asia Security Overview
- The Strategic Outlook for the 2010s
- Poor Governance and Political Instability
- Main Islamist Militant Groups In South East Asia
- Other Regional Threats
Political Overview
- Domestic Politics
- Long-Term Political Outlook
Security Risk Ratings
- 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
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
- Australia - Economic Activity
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
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=8851...

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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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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.
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