N E W S 9 Christchurch 22-23 July Opportunity for NZ defence manufacturing A huge opportunity exists for smart New Zealand defence manufacturing companies to leverage their capabilities and be part of the $20 billion capital defence upgrade, New Zealand Defence Industry Association (NZDIA) chair Bernie Diver says. The Government has announced a $20 billion spend over 15 years for a defence modernisation 9 – 10 November 2016 Claudelands Event Centre, Hamilton Sponsor and Exhibitor Enquiries Welcome Expo Open Day 8 November More information: www.nmec.co.nz Lifting the Game of Maintenance Engineering EN008 programme. “The requirement for acquisition business case process to also include the whole of life cost creates the opportunity for members of the defence industry to partner with the prime international contractors to shorten supply chains, transfer technology and create highly skilled jobs that will deliver increased value for money outcomes for all parties. “Maintenance repair and overhaul firms, engineering, logistics, IT and advisory companies are likely to be involved the $20 billion capital works, alongside prime international contractors. The ministry and NZDF have invested significant effort and resource in working with industry. NZ ECONOMY POSITIVE BUT SOME RISK New Zealand’s growth outlook is positive but there are risks, according to the BusinessNZ Planning Forecast. BusinessNZ chief executive Kirk Hope says nearly all economic indicators are favourable. “Sectoral data including manufacturing, construction, and tourism are strong, and the agricultural sector is proving resilient in the face of current low prices. “Net migration is still driving demand and is good for growth, but also brings risks that must be managed,” Mr Hope says. “It is therefore pleasing to see the Government seeking to address regulatory issues that are holding back growth, such as land supply for housing and business development. Regulatory reform should be robust enough to provide certainty for business to invest.” Mr Hope says a key risk factor in the economy was high levels of household and farm debt, creating some vulnerability to a correction in asset prices or rise in interest rates. The BusinessNZ Planning Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 economic indicators including GDP, export volumes, commodity prices, inflation, debt and business and consumer confidence. The BusinessNZ Planning Forecast for the June 2016 quarter sits at seven, up eight on the previous quarter and up four on a year ago. Royal NZ warship HMNZS Te Mana F111
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