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Out with the old, in with the new? – A new era of defence procurement
The global defence industry has always been characterised by long-standing alliances and cost-driven procurement strategies. However, change is afoot. In fact, every minute, $4.03 million is being invested into emerging technologies, signalling a radical shift from traditional procurement practices to a bold embrace of innovation. Here, Simon Farnfield, event director at Advanced Engineering, explores this new trend and explains how it’s a strategic necessity in an era where technological advancements are rapidly defining the battlefield.