Australian Prime Minister Malcolm Turnbull announced ambitions to become one of the world’s top 10 military equipment exporters. Presently ranking 20th in terms of arms dealing capability, the government’s plan — which comes with an AU$3.8 billion ($3 billion) dollar price tag — is projected to raise Australia’s current AU$1.5 billion defence industry export, (a paltry 3.3% of the global total), to AU$2.5 billion ($1.97 billion).

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