TURNBULL LEAPS TO DEFENCE

Prime Minister Malcolm Turnbull will today announce a $3.8 billion fund aimed at bringing Australia into the world’s top 10 defence exporters.

The Australian ($) reports that the Coalition's global defence strategy, set to be announced during a growing military build-up in the Asia-Pacific region and following Turnbull's tour of Japan earlier this month, will make loans available to defence companies looking to grow Australian employment, innovation and arms exports.