Australia announced a US$570 million deal to build missiles domestically, aiming to enhance military capabilities amid rising regional tensions. The project, unveiled by Defence Industry Minister Pat Conroy, will see the development of naval and air-launched Joint Strike Missiles (JSM) at a new facility near Sydney. Set to begin production in 2027, the factory will produce up to 100 missiles annually. The move reflects Australia's broader push to strengthen its defense industry in response to increasing regional defense spending and global security concerns.
