| BREAKING NEWS | Hong Leong Bank remains watchful on the US monetary policy stance, targeting 1.85 pct - 1.95 pct NIM growth in FY2025 - CEO Kevin Lam | |
CANBERRA, Aug 22 (Bernama-Xinhua) -- Australia will begin producing long-range missiles from 2027 under a partnership with Norwegian defence company Kongsberg, reported Xinhua.
Minister for Defence Industry and Capability Delivery, Pat Conroy, announced on Thursday that the government will contribute up to A$850 million (US$572.2 million) in partnership with Kongsberg Defence Australia to manufacture and service missiles locally.
Under the partnership, a missile factory at the airport precinct in the city of Newcastle, over 100 km north of Sydney, will open in 2026 and in 2027 begin manufacturing and servicing Naval Strike Missiles (NSM) and Joint Strike Missiles to be used by the Australian Defence Force (ADF).
The NSM will replace the Harpoon anti-ship missiles on the ADF's Hobart class destroyers and Anzac class frigates.
-- BERNAMA-XINHUA
