Australia’s $45bn Indo-Pacific investment fuelled by submarines
An artist’s impression of SSN-AUKUS. Credit: Crown copyright/UK Ministry of Defence via Wikimedia Commons. In response to escalating geopolitical tensions in the Indo-Pacific, Australia will provide investment over $45bn in defence from 2024 to 2029, focusing on submarines. GlobalData’s recent “Australia Defense Market 2024-29” report highlights acquisitions, including nuclear-powered submarines under the AUKUS agreement, next-generation