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Newcastle Airport contracts $850M missile factory despite financial worries.
Newcastle Airport in Australia has signed a contract with Kongsberg Defence Australia for an $850 million guided weapons factory, despite financial concerns.
The factory will produce and service missiles for the Australian Defence Force and international partners.
Newcastle Airport had to borrow money for the $130 million factory, adding to existing financial pressures.
Construction is set to start in 2027, and the Commonwealth Government will cover the lease costs, ensuring ratepayers won't bear any financial liability.
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El aeropuerto de Newcastle contrata una fábrica de misiles de $850 millones a pesar de las preocupaciones financieras.