Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Australia inks $38m deal to kickstart domestic missile manufacturing

Published

on

The Albanese Government has announced a landmark contract worth $37.4 million between the Defence Department and Lockheed Martin Australia, aimed at commencing domestic production of Guided Multiple Launch Rocket System.

This move marks a pivotal step towards establishing a self-sustained missile manufacturing industry in the country, a critical objective outlined in response to the Defence Strategic Review.

The contract will not only facilitate the production of an initial batch of GMLRS missiles within Australian borders but also serve as a catalyst for the transfer of essential technical data from the United States, the establishment of robust engineering certification processes, and the development of technical expertise among the Australian workforce.

In addition to the GMLRS missiles, the Australian Government has also confirmed the procurement of Precision Strike Missiles (PrSM). Both PrSM and GMLRS have the capability to engage targets at distances of up to 500 kilometers, making them a formidable addition to the nation’s defense arsenal.

These missiles can be launched from High Mobility Artillery Rocket System (HIMARS) launchers, further enhancing their versatility and effectiveness.

This groundbreaking initiative is part of the $4.1 billion investment plan unveiled in response to the Defence Strategic Review, which aims to bolster the Australian Defence Force’s long-range strike capabilities and promote the in-country production of extended-range munitions.

Satisfaction and development

Deputy Prime Minister, the Hon Richard Marles MP, expressed his satisfaction with the development, stating, “Signing this contract with Lockheed Martin Australia to commence the manufacturing of GMLRS in Australia from 2025 is another example of the Albanese Government delivering key outcomes of the Defence Strategic Review.

“These are important milestones which will see Australia gain the technology we need to establish a sovereign industry, providing opportunities for a highly-skilled workforce.”

Acting Minister for Defence and Minister for Defence Industry, the Hon Pat Conroy MP, also lauded the agreement, affirming, “This announcement delivers on the Albanese Government’s commitment to reprioritise Defence capabilities in line with the Defence Strategic Review, including developing the ADF’s ability to precisely strike targets at longer range.

“This important first step towards the establishment of domestic guided weapons manufacturing in Australia will complement the acquisition of long-range precision strike capabilities and strengthen the ADF’s ability to protect Australia and its interests. This work is a clear demonstration of the ongoing collaboration between Australia and the United States on Australia’s Guided Weapons and Explosive Ordnance Enterprise – a key outcome of the Australia-United States Ministerial Consultations in July 2023.”

As Australia prepares to take a significant leap in its missile manufacturing capabilities, this historic agreement with Lockheed Martin Australia marks a milestone in the country’s journey towards self-reliance and strengthening its national defense infrastructure.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

News

U.S. ramps up Cuba aid as energy crisis deepens

Published

on

The United States has announced an additional $6 million in humanitarian aid for Cuba, bringing total assistance since Hurricane Melissa struck the island in October to $9 million. The new relief package will focus on Cuba’s eastern provinces, including Holguín, Granma, Santiago de Cuba, and Guantánamo, providing staples like rice, beans, pasta, canned tuna, and solar lamps. U.S. officials said embassy staff will monitor distribution to prevent the government from diverting supplies.

The announcement comes amid worsening energy and fuel shortages. Cuba has faced widespread blackouts, leaving millions without electricity in several provinces, while rising food prices and limited fuel supplies have intensified humanitarian pressures. Officials warn that without sufficient oil imports, hospitals, transport, and essential services could be severely affected. The crisis has escalated following U.S. restrictions on Cuba’s oil shipments and Venezuela’s inability to supply fuel, forcing Cuba to turn to Mexico as its primary energy partner.

Humanitarian situation

Cuba’s President Miguel Díaz‑Canel accused the U.S. of imposing an “energy blockade,” while Mexican officials work to deliver fuel without triggering U.S. tariffs. Díaz‑Canel expressed willingness to engage in dialogue but insisted talks must respect Cuba’s sovereignty. U.N. Secretary-General António Guterres has voiced serious concern, warning that the humanitarian situation could deteriorate further if oil supplies remain restricted.

As Cuba struggles to balance disaster recovery with an ongoing energy crisis, the international community faces a delicate challenge: providing humanitarian support while navigating complex geopolitical tensions.


Download the Ticker app

Continue Reading

News

SpaceX expands Starlink with phone plans and satellite tracking ambitions

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

Published

on

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

SpaceX is pushing Starlink beyond internet from space, with plans underway for new consumer facing services that could reshape the telecom landscape.

The company is reportedly exploring a Starlink mobile device, positioning it as a potential rival to established smartphone players as it looks to extend its reach from orbit to everyday tech.

Starlink has become SpaceX’s financial powerhouse, generating an estimated $8 billion in revenue last year, with fresh trademark and patent filings signalling even more ambitious expansion ahead.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Download the Ticker app

Continue Reading

News

Oil prices surge as U.S.-Iran tensions escalate

Published

on

Crude oil prices jumped over 3% on Wednesday as U.S.-Iran nuclear talks showed signs of faltering, pushing WTI futures above $65 per barrel. Axios reported disagreements over the venue and scope of Friday’s talks, while President Trump warned Iran’s supreme leader to “be very worried,” stoking fears of military escalation.

Tensions in the Persian Gulf added to the volatility. A U.S. F-35C shot down an Iranian drone near the USS Abraham Lincoln, and Iranian vessels threatened a U.S.-flagged tanker in the Strait of Hormuz. The USS McFaul escorted the tanker to safety, highlighting the region’s fragile oil supply routes.

Despite the clashes, nuclear talks will go ahead on Friday in Oman, but uncertainty continues to drive oil market volatility, with traders closely watching both diplomatic and military developments.

#OilPrices #IranUS #NuclearTalks #PersianGulf #WTI #EnergyMarket #Geopolitics #OilSupply


Download the Ticker app

Continue Reading

Trending Now