Australia's Albanese government plans to establish a domestic missile production facility by 2025, partnering with Lockheed Martin and Thales.

Australia's Albanese government plans to establish a domestic missile production facility by 2025, partnering with Lockheed Martin and Thales. The initiative, costing $316 million, aims to produce 4,000 guided rocket systems annually and 15,000 artillery shells by 2028. This effort, fueled by rising global security concerns and the US-China rivalry, includes a $70 billion investment over the next decade to enhance military capabilities and create over 1,000 jobs.

October 29, 2024
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