Data from Janes Markets Forecast shows the value of Australian missiles and precision-guided weapons programmes to be approximately USD1.23 billion a year on average between 2022 and 2031. (Janes Markets Forecast)

Australia announced on 5 April that the local subsidiaries of US corporations Raytheon and Lockheed Martin have been selected as ‘strategic partners' in its AUD1 billion (USD752 million) programme to develop a Guided Weapons and Explosive Ordnance (GWEO) enterprise.

The decision coincided with new plans to accelerate Australia's acquisition of various weapons capabilities for the Australian Defence Force (ADF) at a cost of AUD3.5 billion.

Announcing the GWEO decision, Defence Minister Peter Dutton said the two prime contractors will be supported by three Australia-based firms: the Australian Missile Corporation (AMC), the Sovereign Missile Alliance (SMA), and the Aurecon advisory group.

Plans to accelerate weapons procurements will focus on three systems, said Dutton. They are expected to be in service by 2024.

Data from Janes Markets Forecast shows the value of Australian missiles and precision-guided weapons programmes to be approximately USD1.23 billion a year on average between 2022 and 2031. (Janes Markets Forecast)

Australia announced on 5 April that the local subsidiaries of US corporations Raytheon and Lockheed Martin have been selected as ‘strategic partners' in its AUD1 billion (USD752 million) programme to develop a Guided Weapons and Explosive Ordnance (GWEO) enterprise.

The decision coincided with new plans to accelerate Australia's acquisition of various weapons capabilities for the Australian Defence Force (ADF) at a cost of AUD3.5 billion.

Announcing the GWEO decision, Defence Minister Peter Dutton said the two prime contractors will be supported by three Australia-based firms: the Australian Missile Corporation (AMC), the Sovereign Missile Alliance (SMA), and the Aurecon advisory group.

Plans to accelerate weapons procurements will focus on three systems, said Dutton. They are expected to be in service by 2024.

Data from Janes Markets Forecast shows the value of Australian missiles and precision-guided weapons programmes to be approximately USD1.23 billion a year on average between 2022 and 2031. (Janes Markets Forecast)

Australia announced on 5 April that the local subsidiaries of US corporations Raytheon and Lockheed Martin have been selected as ‘strategic partners' in its AUD1 billion (USD752 million) programme to develop a Guided Weapons and Explosive Ordnance (GWEO) enterprise.

The decision coincided with new plans to accelerate Australia's acquisition of various weapons capabilities for the Australian Defence Force (ADF) at a cost of AUD3.5 billion.

Announcing the GWEO decision, Defence Minister Peter Dutton said the two prime contractors will be supported by three Australia-based firms: the Australian Missile Corporation (AMC), the Sovereign Missile Alliance (SMA), and the Aurecon advisory group.

Plans to accelerate weapons procurements will focus on three systems, said Dutton. They are expected to be in service by 2024.

Data from Janes Markets Forecast shows the value of Australian missiles and precision-guided weapons programmes to be approximately USD1.23 billion a year on average between 2022 and 2031. (Janes Markets Forecast)

Australia announced on 5 April that the local subsidiaries of US corporations Raytheon and Lockheed Martin have been selected as ‘strategic partners' in its AUD1 billion (USD752 million) programme to develop a Guided Weapons and Explosive Ordnance (GWEO) enterprise.

The decision coincided with new plans to accelerate Australia's acquisition of various weapons capabilities for the Australian Defence Force (ADF) at a cost of AUD3.5 billion.

Announcing the GWEO decision, Defence Minister Peter Dutton said the two prime contractors will be supported by three Australia-based firms: the Australian Missile Corporation (AMC), the Sovereign Missile Alliance (SMA), and the Aurecon advisory group.

Plans to accelerate weapons procurements will focus on three systems, said Dutton. They are expected to be in service by 2024.

Data from Janes Markets Forecast shows the value of Australian missiles and precision-guided weapons programmes to be approximately USD1.23 billion a year on average between 2022 and 2031. (Janes Markets Forecast)

Australia announced on 5 April that the local subsidiaries of US corporations Raytheon and Lockheed Martin have been selected as ‘strategic partners' in its AUD1 billion (USD752 million) programme to develop a Guided Weapons and Explosive Ordnance (GWEO) enterprise.

The decision coincided with new plans to accelerate Australia's acquisition of various weapons capabilities for the Australian Defence Force (ADF) at a cost of AUD3.5 billion.

Announcing the GWEO decision, Defence Minister Peter Dutton said the two prime contractors will be supported by three Australia-based firms: the Australian Missile Corporation (AMC), the Sovereign Missile Alliance (SMA), and the Aurecon advisory group.

Plans to accelerate weapons procurements will focus on three systems, said Dutton. They are expected to be in service by 2024.

Data from Janes Markets Forecast shows the value of Australian missiles and precision-guided weapons programmes to be approximately USD1.23 billion a year on average between 2022 and 2031. (Janes Markets Forecast)

Australia announced on 5 April that the local subsidiaries of US corporations Raytheon and Lockheed Martin have been selected as ‘strategic partners' in its AUD1 billion (USD752 million) programme to develop a Guided Weapons and Explosive Ordnance (GWEO) enterprise.

The decision coincided with new plans to accelerate Australia's acquisition of various weapons capabilities for the Australian Defence Force (ADF) at a cost of AUD3.5 billion.

Announcing the GWEO decision, Defence Minister Peter Dutton said the two prime contractors will be supported by three Australia-based firms: the Australian Missile Corporation (AMC), the Sovereign Missile Alliance (SMA), and the Aurecon advisory group.

Plans to accelerate weapons procurements will focus on three systems, said Dutton. They are expected to be in service by 2024.