Saturday, July 21, 2012

Australian Defence Capability Plan Covers 4-Year Frame

Sydney — The new Australian Defence Capability Plan (DCP) announced in early July was developed following consultation with Australian defense industry and has been aligned with the four-year forward estimates period in the budget. That means it now includes only projects that will achieve either first or second pass approval within the four-year period.
The new DCP reflects strategic and defense requirements outlined by the 2009 defense white paper and provides guidance to industry regarding capability development priorities, including project cost, schedule and local content.
The latest version replaces an earlier one publicly released in 2009 and updated in 2010 and again in 2011. The document will list 111 projects, with a value across the life of the projects of more than 153 billion Australian dollars ($157.9 billion).

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