Following the release of the Australian Government’s 2020 Defence Strategic Update and Force Structure Plan (FSP), Orbital UAV was delighted to welcome Minister for Defence, Senator the Honorable Linda Reynolds CSC to our Perth production facility and headquarters.
The Strategic Update and FSP outlines a new strategy for Defence and the capability investments to deliver it. This includes investment of up to $700 million in tactical unmanned aerial vehicles and up to $1.3 billion in unmanned Maritime capability.
“The announcements made within the 2020 Force Structure Plan highlight the increased relevance and strategic importance of tactical UAVs in Australia and mirrors the global growth that we have witnessed in this market in recent years,” said Todd Alder, CEO and Managing Director of Orbital UAV. “It was a privilege to welcome Senator Reynolds to our facility in Perth and provide her with an insight into how Orbital UAV is seeking to increase its capabilities to fully capitalise on this growing market and position itself as the world’s leading supplier of propulsion systems for tactical UAVs,” he said.
Read the full ASX announcement here.