Australia Inks Deal With Lockheed Martin to Manufacture Missiles

Published on January 16, 2024

Australia’s defence industry will receive a $37.4 million (US$24.74 million) boost after its Defence Department signed an agreement with Lockheed Martin Australia to manufacture Guided Multiple Launch Rocket System (GMLRS) missiles. The missile’s production is set to start in 2025 and forms part of a $4.1 billion package activated after 2023’s Defence Strategic Review called for reforms to the Department’s “posture and structure,” which include producing long-range strike systems and munitions locally. The growing presence of Beijing’s military in the Indo-Pacific highlighted the need for investment in nuclear-powered submarines by Australia, along with what the Defence Department called “changes in capability” for its forces in the region....

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