This is what happens when you reduce the budget in a specific industry by a large amount."
In part. The other part of that is SMEs were in for a tough go because the Entrenched Defence Bureaucracy told massive fibs to industry about the fantasy of 3000+ F-35s. That: there was up to $9B in home industry work (potential) and every superlative to describe the Just So Failed.
Ask Production Parts how that all worked out. Oh wait. You can't. They are dead.
Corporate carcasses indeed.
1 comment:
Eric that report was submitted before the cuts.
“AS many as half of the 3000 small and medium-sized local companies that provide equipment for the Australian Defence Force are at risk of collapse because of budget cuts and delays to projects.
The warning is contained in a confidential business intelligence report to Industry Minister Greg Combet from his own department's "enterprise connect" group, which was set up to help companies "transform and reach their full potential".
“Drafted EVEN BEFORE the Gillard government cut an additional $5.5 billion from Defence in the latest budget, the report warns: "The most significant and immediate issue facing defence SMEs is a lack of predictable and continual work flow."
http://www.theaustralian.com.au/national-affairs/defence/budget-axe-risks-survival-of-defence-contractors-and-threatens-innovation/story-e6frg8yo-1226368776152
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