BLUF

The Australian Government is moving forward with plans to establish a $1 billion home-grown Sovereign Guided Weapons Enterprise to boost Australia’s defence production capabilities.

Summary

The COVID-19 pandemic has demonstrated that global supply chains can be disrupted very quickly. The Australian government is also facing a deteriorating security situation and is moving to establish a planned $1 billion Sovereign Guided Weapons Enterprise. This process should help Australia become less reliant on imports regarding items such as missiles. The Australian defence department will now begin the process of selecting a strategic industry partner to produce guided missiles. The increasing assertiveness of China and the ongoing pandemic have strengthened Australia's resolve to create more sovereign capability. As quoted in the article, the Prime Minister points out:
 'As the COVID-19 pandemic has shown, having the ability for self-reliance, be it vaccine development or the defence of Australia, is vital to meeting our own requirements in a changing global environment.'