SUMMARY
Australia has announced a US$570 million deal to produce missiles domestically, aimed at bolstering military capabilities in response to escalating regional tensions. Defence Industry Minister Pat Conroy revealed plans to develop naval and air-launched Joint Strike Missiles (JSM) at a new facility near Sydney, set to begin production in 2027 with an output of 100 missiles per year. This initiative reflects Australia's efforts to strengthen its defense industry amid rising global security challenges and regional defense spending.

Australia has announced a significant step to boost its defense capabilities, launching a US$570 million initiative to produce missiles domestically. This move comes amid rising regional military tensions and an increasing global arms race.

On Thursday, the country's Defence Industry Minister revealed plans to develop naval and air-launched Joint Strike Missiles (JSM) at a new manufacturing facility that will be constructed north of Sydney. The factory will focus on producing anti-ship cruise missiles and JSMs, specifically designed for use with advanced F-35A aircraft.

"This is a strategic investment in our advanced, high-tech manufacturing industry, aimed at strengthening Australia's sovereign defense capabilities," the minister said during the announcement.

The missile production facility is set to begin operations in 2027, with an estimated production capacity of 100 missiles annually, according to a defense official. Both types of missiles have been developed in collaboration with Norway's Kongsberg, a global leader in defense technology.

The decision to build missiles domestically is part of Australia's response to increasing regional and global security concerns. As China expands its defense budget and the war in Ukraine highlights vulnerabilities in munitions supplies, Australia joins a growing list of nations bolstering their military investments.

Defense spending in Asia-Pacific has surged, with a record US$510 billion spent in 2023 alone, as reported by the International Institute for Strategic Studies. In line with this trend, Australia is also pursuing other ambitious defense projects, such as the development of nuclear-powered submarines.

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