Australia is now planning to become one of the world's top ten defence industry exporters following a 3.8 billion dollar loan to help Australian companies sell defence equipment overseas.
Focusing primarily on boosting exports to the United States, the United Kingdom, Canada and New Zealand, Australian manufacturers will now be offered government backed loans to help stimulate exports.
While various foreign-aid groups have publicly opposed the venture, Prime Minister Malcolm Turnbull said it will provide much needed jobs for the Australian economy.