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Market
Most increased missile production type in Australia by 2025?
2
Resolution / Starting Odds
Long-range strike missiles • 25%
Surface-to-air missiles • 25%
Anti-ship missiles • 25%
Other • 25%
Reports from Australian defense industry or government publications
Story
Australia Invests A$21 Billion ($14 Billion) to Boost Missile Production with Lockheed Martin, Thales Amid US-China Rivalry
Oct 29, 2024, 09:56 PM
Australia has announced a significant investment of A$21 billion (approximately $14 billion) over the next decade to enhance its domestic missile and munitions manufacturing capabilities. This move aims to bolster the country's missile stockpiles amid increasing tensions in the Indo-Pacific region, particularly in light of the ongoing US-China rivalry. The investment will involve collaborations with major defense contractors, including Lockheed Martin and Thales, and is part of a broader strategy to ramp up production of long-range strike missiles. Additionally, L3Harris subsidiary Aerojet Rocketdyne has reported a doubling of its rocket motor production to meet surging demand, reflecting a growing focus on defense capabilities in the region.
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