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Australia’s defence manufacturing among big winners of new Federal Budget

Building Australia’s sovereign defence manufacturing capability is among the big winners of the Federal Government’s 2023-2024 Budget, gaining approximately $4.1 billion for the development of long-range missile systems. 
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Building resilience as manufacturing requirements become more complex

The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.