World Vision Australia chief Tim Costello said Australia would be "exporting death" and "profiting from bloodshed" if it followed through on Defence Industry Minister Christopher Pyne's plan to see the nation become a major arms exporter.

Speaking to Fairfax Media, Mr Pyne said he wanted to see Australia not only build but design military assets, such as warships, on par with other players and allies such as Britain, France and Germany to help bolster the nation's influence and reinforce relations.

But Mr Costello strongly criticised the plan, which he said carried terrible consequences.