Australia launches $1 billion missile plan - The Canberra Times

news, latest-newsAustralia will produce its own guided missiles under a $1 billion plan to fast-track a new weapons facility in partnership with a global arms manufacturer.

The federal government expects to spend $100 billion on missiles and other guided weapons over the next two decades, in response to a worsening strategic environment.

"It's an imperative we now proceed with the creation of a sovereign guided weapons capability as a priority, accelerating this process following the idea first being explored in the force structure plan."

It would allow Australia to replace missiles shipped in from overseas.

The government expects the new facility could generate $40 billion in local production and export sales over the new 20 years.

Published On: Tue, 30 Mar 2021 23:55:26 GMT