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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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Australia’s workforce revolution sets the stage for a four-day work week

Australia’s AI Workforce Revolution: Automation Paves the Way for a Four-Day Work Week and New Job Redesigns.

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Australia’s AI workforce revolution: automation paves the way for a four-day work week.

In Short

UiPath’s report highlights the rapid shift towards “agentic automation,” where AI makes autonomous decisions, encouraging businesses to reassess roles and harness automation for productivity. This evolution may enable a four-day work week and necessitates the retraining of staff while ensuring regulations are in place for trust and compliance with AI integration.

The trend towards work reallocation is rapidly advancing, with UiPath’s new report identifying significant shifts in AI and automation.

Key insights from the report suggest a move towards “agentic automation,” where AI begins to make autonomous decisions. Yelena GalstianHead of Solutions and Customer Advisory at UiPath shares her key insights.

Organisations are encouraged to reassess existing roles and identify areas where automation can enhance productivity.

A critical aspect will be the orchestration of collaboration between human employees, AI agents, and software robots to ensure effective teamwork.

Looking ahead, the motto for businesses is to “redesign and reassign” processes while considering how AI can handle repetitive tasks, allowing human employees to focus on more complex responsibilities.

As organisations embrace these changes, we could see a potential transition to a four-day work week, made feasible through increased efficiency and productivity from AI.

For further insights into the research and methodologies for implementing AI in business, interested parties can connect with the UiPath team through their website.

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Future of hospitality: AI, smart automation, and record-breaking 2025 travel growth

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As global tourism revenue surges, cutting-edge technology and automation are revolutionising the hospitality industry.

Global travel demand remains strong heading into 2025, with industry experts predicting record-breaking tourism revenue.

According to the World Travel & Tourism Council, global tourism revenue is set to hit $1.9 trillion this year.

With record-breaking growth projected for the travel industry, hospitality leaders are embracing AI, automation, and luxury innovations to enhance guest experiences.

As demand for international travel remains strong, hospitality businesses are adapting to evolving traveler expectations through technology and innovation.

One of the key trends shaping the industry is the rise of artificial intelligence and smart automation.

From AI-powered customer service to energy-efficient hotel management systems, technology is redefining guest experiences.

Luxury boutique hotels like London’s Eccleston Square Hotel are at the forefront of this transformation.

Known as one of the world’s most technologically advanced hotels, Eccleston Square has recently unveiled a major tech upgrade.

The hotel is now using Apple TVs from ROOMNET, an advanced automation system developed with Leading Edge Automation, and a cutting-edge building management system by HSYCO. These innovations enhance operational efficiency while maintaining a commitment to sustainability.

These enhancements work in sync with the hotel’s property management system, MEWS, to create a smarter, more sustainable hospitality experience.

As AI continues to reshape the hospitality landscape, Eccleston Square Hotel’s approach reflects the industry’s broader shift toward innovation, efficiency, and sustainability—paving the way for the future of luxury travel.

Olivia Byrne, Owner and Company Director Eccleston Square Hotel joins Veronica Dudo to discuss.

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Nightmare for Labour as Reform UK leads in poll

Reform UK surpasses Labour in polling for first time, with Brexit leader Nigel Farage gaining support amid Conservative decline.

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Reform UK surpasses Labour in polling for first time, with Brexit leader Nigel Farage gaining support amid Conservative decline.

In Short

Reform UK, led by Nigel Farage, has overtaken Labour in a YouGov poll with 25% support, while Labour sits at 24% and the Conservatives at 21%. This shift indicates growing discontent with the government, particularly as Conservative leader Kemi Badenoch struggles to regain support.

The poll, conducted among 2,223 adults at the beginning of February, shows Reform UK at 25 percent support, a rise of two points from the previous poll.

Labour has declined by three points to 24 percent, while the Conservative Party has dropped to 21 percent.

While these results are notable, the next general election is not required until August 2029, and Reform’s lead falls within the poll’s margin of error. POLITICO’s Poll of Polls shows Labour and Reform both at 25 percent, with Conservatives at 22 percent.

This polling data is troubling for the government, particularly after Labour’s dominance in the last election, where they achieved a majority with 33.7 percent of the vote. Reform UK was in third place with 14.3 percent.

The findings also reflect poorly on Conservative leader Kemi Badenoch, who seeks to restore support following recent losses.

YouGov indicates that 24 percent of those who voted Conservative in July would now choose Reform, with 43 percent of Conservative voters in 2024 favouring a merger between the two parties.

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