Page 35 - Australian Defence Magazine Dec-Jan 2023

DECEMBER 2022-JANUARY 2023 | WWW.AUSTRALIANDEFENCE.COM.AU
TOP 40 DEFENCE CONTRACTORS 2022 35
In 2022, Australia changed its government but not its defence strategy. Labor appears committed to delivering on the AUKUS agreement, in addition to its own plans for Defence and industry which will become apparent following the release of the Defence Strategic Review (DSR). The results of this survey reflect the growing importance of defence in the national political conversation.
2022, like 2021, was a record year for Australia’s defence industry, with a total turnover of $15.86 billion. The jump in revenue from 2021-2022 is one of the greatest increases on record at $2.43 billion, or 18 per cent.
The companies leading the Top 40 in 2022 again are largely unchanged from 2021. BAE Systems Australia retains the top spot, Thales Australia retains the second spot, while Boeing Defence Australia and Downer EDI have swapped third and fourth place, and Lockheed Mar- tin and Ventia have swapped fifth and sixth. Babcock Aus- tralasia and Airbus Australia Pacific have joined the top ten, ASC has dropped from sixth in 2021 to ninth in 2022, and Lendlease has moved from tenth in 2021 to seventh in 2022 following a $200 million increase in revenue.
However, there are several notable absences that reduce the figure from its likely true total. The probable largest of these is Raytheon, which again declined to participate. Other large absences include Laing O’Rourke, all four major consulting companies, Birdon, Aurecon, BMT, and Leonardo Australia. Nonetheless, similar absences last year make the two figures comparable, and a near-record number of submissions in 2022 reflects a keen interest from defence industry for this annual snapshot of its size.
A notable new inclusion is Toll Group at number 15 with $367 million in revenue in 2022. Companies that saw large increases in turnover include Beca ($54 million in 2021 to $98.65 million in 2022), Atlantic and Peninsula ($80.5 million to $134 million), Shamrock Civil Engineer- ing ($40 million to $82.9 million), NIOA ($72 million to $141 million), Accenture ($111 million to $187 million),
$18,000,000,000
$16,000,000,000
$14,000,000,000
$12,000,000,000
$10,000,000,000
$8,000,000,000
$6,000,000,000
TOP 40 TURNOVER
LEFT: F-35A A35-006TOwPas20thSeMfiErsTtUtRoNbOeViEnRducted into BAE Systems Australia’s (BAESA) maintenance depot in January 2021
$1,700,000,000.00 $1,500,000,000.00 $1,300,000,000.00
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