Australia Plans $2.7 Billion Missile Program to Bolster Military
- Defense review calls for Australia to buy long-range weaponry
- Plans to expand domestic missile manufacturing due by mid-2024
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Australia will outlay A$4.1 billion ($2.7 billion) to increase its stock of long-range missiles and develop a manufacturing industry for guided weapons in response to intensifying strategic competition in the Indo-Pacific.
The government will spend A$1.6 billion to purchase long-range missiles, including additional High Mobility Artillery Rocket Systems (HIMARS) that Ukraine has successfully deployed against Russia, a statement Wednesday showed. In addition, it will spend A$2.5 billion to locally produce long-range missiles and other weaponry.