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With Australia’s economy performing well, the government’s recent dramatic reduction of defence spending may prove a mysterious, and retrograde, step in the eyes of its strategic allies.
The failed BAE Systems-EADS merger demonstrated the possible consequences of confusing corporate and national strategy.
The UK government's decision to revert to the F-35B Lightning II variant for its new aircraft carriers may have the positive (if unintended) outcome of enforcing a re-think in strategy.