Update: Australia releases first funding tranche for maritime guided weapons

by Robin Hughes

The Australian government on 25 January confirmed a funding commitment of AUD1 billion (USD770 million) “to commence the early development of advanced guided weapons to enhance Australia’s maritime security”.

The announcement marks the first tranche of a planned investment of between AUD16.1 billion and AUD24.2 billion over the next 20 years for the Maritime Guided Weapons acquisition programme outlined in the Australian Department of Defence (‘Defence’) July 2020 Force Structure Plan.

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The Australian government on 25 January confirmed a funding commitment of AUD1 billion (USD770 milli...

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