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Tasmanian Defence Industry Strategy 2029

Tasmanian Defence Industry Strategy 2029

The Tasmanian Defence Industry Strategy 2029 (the Strategy) outlines the focus areas for the Tasmanian Government to unlock the full potential of the defence sector for local businesses. This four-year strategy will help industry to maximise opportunities in defence markets for advanced manufacturing, education, IT, and other defence-related industries, helping more Tasmanian businesses thrive.

The Australian defence industry contributes $10.6 billion annually to the national economy (2022/23), and global allied defence spending totals trillions of dollars. The Strategy aims to support Tasmanian businesses to access these markets by implementing actions that will help them to strengthen their capabilities and foster new business opportunities across the state.

Building on the momentum from the previous two strategies, the Tasmanian Defence Industry Strategy 2029 will expand on Tasmania’s already significant success in supporting local businesses to secure defence contracts.

With the continued support of the Tasmanian Defence Advocate and guidance from the Defence Industry Advisory Committee, we will continue to pursue opportunities to grow this thriving sector.

Tasmania is proud to contribute to Australia’s defence and national security, ensuring a secure and prosperous future.

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