Australia is investing $14 billion in its own projectile production

The Australian government will invest 21 billion Australian dollars (14 billion US dollars) over the next decade to increase domestic production of various types of projectiles.

As reported by Ukrinform , Bloomberg reports.

Australian Defense Industry Minister Pat Conroy on Wednesday announced a new missile production program in the country.

In particular, the construction of a new plant for the production of 155-mm artillery shells and guided rockets (GMLRS) in Australia in partnership with the American company Lockheed Martin is planned.

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By the end of the decade, Australia will be able to produce up to 4,000 GMLRS per year , as well as up to 100,000 artillery shells.

According to Conroy, Australia is currently on the "threshold of a new missile era in the Indo-Pacific region".

"In addition to acquiring more projectiles from our partners, we need to build a new Australian guided weapons industry,” he added.

Just over a week ago, Australia announced its intention to purchase American missiles, including the Standard Missile Block IIIC and Standard Missile-6, in the amount of 7 billion Australian dollars.

As reported by Ukrinform, the Norwegian government has announced that it will allocate 967 million Norwegian kroner (more than 90 million US dollars) as part of a road map for increasing the production capacity of the country's defense industry.< /p>