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Australia inks $38m deal to kickstart domestic missile manufacturing

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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.

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EV market witnesses unprecedented price cuts

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Established brands like Peugeot and Nissan are slashing prices by significant margins to compete with emerging Chinese EV competitors.

Facing a dual challenge of a decelerating growth in EV adoption and a surge in competitively priced alternatives from Chinese manufacturers like BYD and MG, traditional automakers are forced to enact substantial price cuts to clear inventory.

This trend reflects the fast pace within the market and signals the formidable struggle for dominance in the EV space. #featured #trending

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President Biden threatens to cut off weapons supplies to Israel

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Does this mark a shift in Washington’s public approach to the war?

President Joe Biden is vowing to withhold weapons from Israel if the Jewish State goes forward with its invasion of Rafah.

The comments came after the Biden administration halted a recent shipment of bombs amid concerns over Israel’s plans to launch a full-scale assault on Rafah even as cease-fire talks continue with Hamas.

Jonathan Tobin, the Editor-in-Chief of Jewish News Syndicate, joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #Israel #Hamas #Gaza #GazaWar #Rafah

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OpenAI prepares search software to rival Google

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OpenAI is gearing up to launch a groundbreaking AI-powered search product, aiming to compete directly with Google’s dominant search engine.

By harnessing the power of AI, OpenAI aims to deliver more accurate and relevant search results, potentially revolutionising the way people access and consume information online.

Russ Macumber from Impressive joins to discuss. #trending #featured

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