First phase of Australia's Project Greyfin gets the go ahead
The Australian government has approved the first stage of Project Greyfin, which will procure new equipment for the country’s special forces.
The first stage provides the first $500 million of a $3 billion planned investment over 20 years.
Equipment to be acquired under the project includes body armour; weapons; diving, parachuting, roping and climbing systems; medical search and rescue; communications; human performance training and support in order to better respond to threats, including terrorism.
Project Greyfin presents opportunities for the Australian defence industry, including small-to-large enterprises depending on the capabilities being acquired.
Prime Minister Scott Morrison, said: ‘I’ve always said keeping Australians safe is my government’s number one priority. That’s why we’re ensuring the men and women in our special forces have the equipment and training they need to succeed in their operations.
‘Australian special forces undertake complex, highly demanding operations in high threat environments. Global threats will continue to evolve in ways which threaten Australia's interests. This funding will ensure our special forces have cutting edge capabilities to stay ahead of those who might threaten Australia's interests.’
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