BLUF

This year’s federal budget demonstrates that Australia has big plans to buy US-made long-range strike capabilities—and eventually supply its own. It’s also the first time Defence funding has exceeded $50 billion.

Summary

KEY POINTS:
  • Under 15 per cent of the total will be spent on US-made precision-guided munitions (PGM).
  • Long-range missiles will be used with Australian warships, combat aircraft and land forces. 
  • Australia currently does not manufacture PGMs, though it plans to change that.
READ: Australian budget: Historic defense spending, plus AU$1.2B on US-made missiles

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