Australia Signs Missile Manufacturing Pact With Lockheed Martin
- Government wants to build missiles in Australia by 2025
- Indo Pacific facing greatest arms race since 1945, Conroy says
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Australia has unveiled plans to produce its first locally-made missiles as early as next year under a A$37 million ($24.5 million) contract with American munitions giant Lockheed Martin Corp.
Australia will work with the company to construct a small, initial batch of missiles as early as 2025, with the intention of ramping up mass production by the end of the decade, Acting Defence Minister Pat Conroy told a press briefing in Canberra on Tuesday.