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.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
Unlocking Economic Growth in Regional Australia Through Digital Delivery
Oxford Economics Australia delivered an independent economic impact assessment for Uber Eats, quantifying additional revenue for restaurants, GDP contribution, and consumer wellbeing benefits across 67 new regional markets.
Find Out More
Post
Forecasting demand for higher education graduates in Australia
Oxford Economics Australia modelled Australia’s higher education qualification needs to 2052 for the Federal Department of Education and Training as part of the Australian Universities Accord Taskforce commission.
Find Out More
Post
Informing Strategic Planning Amid Tariff Uncertainty for Canadian Municipalities
Discover how rising tariffs are impacting Ontario municipalities' construction costs. Learn about budget pressures and strategies for effective planning.
Find Out More