Ungated Post | 16 Jan 2017
The Impact of BAE Systems on Australia
BAE Systems have operated in Australia for more than 60 years, now covering 25 sites and helping BAE Systems Australia maintain its position as one of the nation’s primary defence contractors. This report, commissioned by BAE Systems and produced by Oxford Economics, examined the contribution that BAE Systems Australia had on the Australian economy in 2015.
Our analysis found that BAE Systems Australia’s total contribution to domestic GDP in 2016 stood at AUD 1.3 billion, with AUD 700 million of this coming from its direct activities and a further AUD 600 million through its supply chain and the retail activity supported by its employees’ consumption. This sustained a total of 7,556 full time equivalent jobs, 3,303 directly. In total, AUD 321 million of tax contributions were made.
The report goes further to demonstrate the additional impacts that BAE Systems Australia made. This includes detailing the benefits of its significant investments in research and development, which will have had large private and social benefits. It also examines the value generated by the company’s investment in capital spending and the training of its workforce, as well as the importance of its commitment to promoting interest in STEM subjects to support the next generation of Australian engineering talent.
Read the full report.
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