A new merger announced today has seen the former global Vice-President of Halliburton/KBR become a much more influential player in the implementation of Adelaide's future.

The Defence Industry Advisory Board, chaired by Peter Cosgrove, is to merge with the Port Adelaide Maritime Corporation. The corporation owns Techport Australia, whose CEO is Cheney's former man-on-the-ground" for this part of the world.

SA Treasurer Foley, speaking from beneath his other cap of Industry and Trade Minister said today that ""The time has come therefore for this Government to elevate its defence strategy to the next level and ensure that we cement our position as the defence capital of Australia,"