Yesterday
The next global investing megatrend: war stocks
Governments around the world are ramping up military spending – and fund managers are positioning accordingly.
- Joshua Peach
This Month
- Exclusive
- AUKUS
Senior WA minister airs doubts on AUKUS submarine schedule
WA Defence Industry Minister Paul Papalia believes Australia is likely to receive five US-made nuclear-powered submarines, implying delays in the ones to be built.
- Andrew Tillett
June
Field of credible buyers small, says Austal’s departing chairman
Former US navy secretary Richard Spencer will become Austal’s chairman, succeeding John Rothwell, amid a stand-off with suitor Hanwha.
- Brad Thompson
Hanwha settles into Austal cold war as shipbuilder swaps out chairman
The new chairman at ASX-listed shipbuilder Austal also happens to be the chairman of Joe Hockey’s advisory firm Bondi Partners.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Risk of war with China rising fast, ex-security chief warns
Former Home Affairs Department head Mike Pezzullo wants a new defence production tsar with “superpowers” to shake up how the military acquires weapons.
- Andrew Tillett
- Exclusive
- Richard Marles
Crash hits army’s multimillion-dollar drone program
An army drone crashed soon after take-off in a test flight after losing communications with operators.
- Andrew Tillett
Warship deployed as China, Philippines clashes raise tensions
The navy has dispatched its most powerful warship to exercise with Asian navies, in a test for improved communications with China to avoid dangerous incidents at sea.
- Andrew Tillett
Putin and Kim sign mutual defence pact
The pact could be a dramatic shift in the strategic balance in Northeast Asia by placing Russia’s heft behind North Korea.
- Josh Smith and Ju-min Park
Australia criticises China for sea skirmish in sign tensions remain
Improved communications between the Australian and Chinese militaries will not reduce the likelihood of potentially dangerous confrontations, experts warn.
- Updated
- Andrew Tillett
- Opinion
- Chanticleer
15 ASX stocks that can win from a new capex ‘supercycle’
The twin peaks of population growth and Baby Boomer spending have insulated sharemarket investors against rate hikes. Now a new tailwind is emerging.
- James Thomson
- Exclusive
- AUKUS
British, US defence giants create AUKUS one-stop shop
A major business deal will create a new Australian military contractor to support the country’s nuclear submarine ambitions.
- Andrew Tillett
- Opinion
- China relations
Australia-China ties are not ready for AUKUS
It’s no surprise that Li Qiang will head straight to Australia’s mining capital and most pro-Chinese city. But he will bypass the Stirling naval base where US nuclear-powered submarines will arrive.
- Richard McGregor
Azure Capital poaches KPMG PE co-lead to set up shop in Melbourne
Nick Combes, a dealmaker with almost two decades of experience, has joined Azure Capital’s partnership ranks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Defence spending
Silence is not golden when it comes to Defence
Defence’s culture of secrecy can sometimes cause more trouble than it’s worth. It became obvious again this week.
- Andrew Tillett
Unpicking the war of words on weapons exports to Israel
The opaqueness of Australia’s arms control regime means what the country is actually sending to Israel is largely unknown.
- Andrew Tillett
US, Australia: China ‘aggressively recruiting’ our fighter pilots
The Five Eyes security intelligence partners have accused the People’s Liberation Army of using Western military talent to train its aviators.
- Updated
- Julian E. Barnes and Helene Cooper
Low unemployment is hurting the military
Defence will only hit 57 per cent of its recruiting target this year, Australia’s outgoing military chief says.
- Andrew Tillett
Tomahawk missiles plan for Collins-class submarines misfires
Australia’s ageing submarine fleet won’t be fitted with strike missiles following advice that modifying the boats would not be value for money.
- Andrew Tillett
Labor scrambles to end confusion on foreign military recruits
The government has scrambled to clarify that foreigners eligible to join the Defence Force will be limited to just a few countries.
- Updated
- Andrew Tillett
- Opinion
- Opinion
Defence rhetoric is mismatched with lack of action on investment
If nothing changes and war were to break out at any time in the next 10 years, our military would essentially fight with the force it has today.
- Justin Bassi