Steve Baxter

um you know we're about investing in the tools that soldiers sales on them and hopefully never have to use yeah so um but we want people on our journey to understand what we do we don't you don't stop the enemy with harsh language alone you need a robust man carrying something heavy and yeah you also need something that'll protect the australian dollar at the same time yeah we're all about sovereignty and about local manufacture at the same time that's good yeah so everything's pretty much made here in australia developed in australia what's developed in australia

I mean, the world's largest defense market is the U.S., and they quite sensibly say, if we buy large volumes of this, you will make it in the U.S.

The same way Australia should say, if we buy large volumes of this, you should make it in Australia.

We just don't do that here.

I think that's a mistake.

Yeah, look, you can always hope and pray.

So, look, that's the world's lie.

It's the world's largest defence market.

They have their rules.

That was even pre-Trump.

It's been that way forever, to be quite blunt, with the US.

So you can do really good development, prototype development, small-scale development.

The Europeans will still buy here.

And now, curiously, because of the acerbic relationship between Europe and the US, the Europeans are preferring non-US suppliers.

So it's actually giving Australia a little bit of a leg up.

Europeans are looking harder at capability out of Australia than they would before, which is an unintended positive benefit, I suppose.

Is that because of the relationship between Europe and the U.S.?

Oh, yeah, big time.

It's just annoying.

Okay, so potentially the U.S.