The recent rise of advanced underwater drones has highlighted Australia's $50 billion gamble on traditional submarines which won't be deployed for decades.
Good morning, early birds. The Prime Minister has announced a windfall for Australia's defence exporters. Plus, blackouts across Melbourne as energy networks struggle in sweltering temperatures. It's the news you need to know, with Chris Woods.
The "nation building" project intends to be a major boost to heavy industry and could see significant economic shifts. With so much at stake, what could possibly go wrong?
Erstwhile prime minister and globetrotting guest lecturer Tony Abbott has extolled the benefits of climate change at a gathering of "climate sceptics". Plus, the government has admitted a national security contractor was hacked last year. It's the news you need to know, with Max Chalmers.
The share prices of the defence contractors benefiting from the war against Islamic State continue to surge.
Palantir Technologies, a company in which the CIA has invested $2 million and helped the effort to destroy WikiLeaks, has set up shop in Canberra and is already doing well.