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November 24, 2017

Australia invests $499.67m to support RAAF’s P-8A Poseidons

The Australian Department of Defence has invested A$659m ($499.67m) for the development of new security infrastructure at the Royal Australian Air Force (RAAF) Base Edinburgh, South Australia.

The Australian Department of Defence has invested A$659m ($499.67m) for the development of new security infrastructure at the Royal Australian Air Force (RAAF) Base Edinburgh, South Australia.

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The new funding will help support the RAAF’s advanced anti-submarine and surveillance aircraft, P-8A Poseidon.

Of the total amount, A$250m ($189.55m) will be invested in a Boeing training simulator system at RAAF Base Edinburgh and the remaining A$409m ($310.11m) will be used to improve base facilities for full operations.

The base facilities upgrade project is estimated to be completed by early-2019.

The advanced training systems will allow the RAAF to better prepare aircraft pilots and defence force personnel for real-life scenarios.

“The new investment will help generate more than 70 new job opportunities and support the local economy.”

Australian Defence Minister Marise Payne said: “The simulator will be a part of a broader investment at RAAF Edinburgh to make it ‘Poseidon ready’ by extending the runway and building new state-of-the-art maintenance hangars and facilities.”

The new investment will help generate more than 70 new job opportunities and support the local economy as part of a broader, long-term plan to enhance the operations of the Edinburgh airbase.

Australian Defence Industry Minister Christopher Pyne said: “Lendlease, the contractor engaged by Defence to construct the facilities at RAAF Base Edinburgh, has advised that the vast majority of the work to construct the facilities is going to contractors from the local area.”

The Australian Government is acquiring 12 P-8A Poseidon aircraft, which will be delivered by March 2020 and based at RAAF Base Edinburgh.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
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