Prime Minister Malcolm Turnbull will inject $3.8 billion into a loan scheme to increase defence manufacturing and exports.

An example of a potential manufacturer who will aid from the funding is Thales Group, creators of the Bushmaster – a blast resistant deploy vehicle used by the Australian Army.

Ross Greenwood speaks with Thales Australia CEO Chris Jenkins.

“This is a tremendous step forward.

“There’s a lot of technologies. These are protecting lives, these are helping people.

“Australia has the ability to design world-leading technology.”

Listen to the full interview below