Pat Conroy (Shortland, Australian Labor Party, Minister for Defence Industry) Share this | Hansard source

I thank the member from the great defence state of South Australia. The truth is that the Albanese government is reshaping the Australian Defence Force to meet the challenges Australia faces. The government is supporting the Australian defence industry as a critical partner in delivering the capabilities the ADF need.

The government will invest record amounts into the Australian defence industry. We're lifting defence spending by 0.2 per cent of GDP above the current trajectory by the end of the decade. We're investing in nation-building projects to construct nuclear powered conventionally armed submarines in Australia. This will not only give the ADF the capability it needs; it will support Australian industry, jobs and the economy. It will create 20,000 high-skilled secure jobs. It stands in stark contrast to the Liberal Party that wanted them built in Japan and then were on and off again with the Attack class. And, as recently as March this year, the opposition leader—

See this speech in context