Australia Unveils $14 Billion Plan for Missile Production

  • Government to outlay funds for missile, munitions construction
  • Australia has been shifting defense posture for past two years
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Australia will invest A$21 billion ($14 billion) over a decade to ramp up domestic missile and munitions manufacturing, in the latest step by the center-left Labor government to develop a long-range strike capability in the face of a regional arms race.

Minister for Defence Industry Pat Conroy announced the new program on Wednesday to produce weapons in Australia “at scale.” This includes construction of a new plant for manufacturing 155mm M795 artillery ammunition and a facility to build guided multiple launch rocket systems in Australia in partnership with Lockheed Martin Corp.