Prime Minister Scott Morrison has approved the first stage of Project Greyfin (Land 1508), which will provide the first $500 million of a $3 billion planned investment over 20 years in equipment for the Special Forces.
Project Greyfin will see investments in body armour, weapons, diving and parachuting kit, roping and climbing systems, medical search and rescue, communications, and human performance training and support.
“Australian Special Forces undertake complex, highly demanding operations in high threat environments,” PM Morrison said.
“Global threats will continue to evolve in ways which threaten Australia's interests. This funding will ensure our Special Forces have cutting edge capabilities to stay ahead of those who might threaten Australia's interests.”
“Our Special Forces, now more than ever, need to be ready and able to deploy on operations anywhere in the world, at short notice, and in very uncertain conditions,” Minister for Defence Linda Reynolds said.
“This first stage of funding enables our Special Forces to engage with intelligence, science and technology, and innovation organisations to ensure future threats and opportunities are assessed, to make sure we are delivering them the capability they need in the future.”