Labor shortfalls rooted in the lingering effects of the COVID-19 pandemic remain a millstone around the neck of the defense industry, forcing firms to juggle staff, hold job fairs and find workarounds to keep operations running as smoothly as possible.
Supply chain problems have hit all sides of the defense industry in unexpected ways — and small businesses with narrower profit margins are particularly worried about how they can weather this storm.
The deals are reported to be worth several billion Australian dollars and have been announced as part of the country’s plans to establish a continuous naval shipbuilding capability.