Australia buying Tomahawk missiles from U.S. worth $833 million

Australia has committed to spending A$1.3 billion (approximately $833 million) to enhance its long-range strike capabilities, which includes the procurement of more than 200 Tomahawk cruise missiles from the United States. This acquisition aligns with Australia’s broader defense transformation efforts and comes as the country finalizes the deal to acquire the Tomahawk missiles, marking Australia as one of the select few nations, alongside the U.S. and Britain, to possess this advanced capability.

Defence Minister Richard Marles emphasized the importance of investing in capabilities that would allow the Australian Defence Force to deter potential adversaries and maintain security in an increasingly complex global environment. The Tomahawk missiles, manufactured by RTX Corp, boast an impressive range of 1,500 kilometers (932 miles) and will be deployed on the Royal Australian Navy’s Hobart-class destroyers.

This move towards bolstering Australia’s defense capabilities has been driven by concerns about China’s substantial military expansion, which is regarded as the most significant since World War II. To address these concerns, Australia has taken steps to modernize and upgrade its defense forces. Notably, Australia recently entered into a collaboration with the United States and Britain to develop a fleet of nuclear-powered submarines, further underlining its commitment to reinforcing its military capabilities.

Alongside the procurement of Tomahawk missiles, Australia will allocate approximately A$431 million for the acquisition of over 60 advanced anti-radiation guided missiles from the United States. Furthermore, the country plans to purchase long-range anti-tank guided missiles to enhance its Australian Army’s Boxer combat reconnaissance vehicles, with this contract valued at over A$50 million.

This investment in advanced weaponry follows closely after the United States approved the potential sale of M142 High Mobility Artillery Rocket Systems (HIMARS) to Australia for approximately $975 million. The collective effort to strengthen Australia’s defense capabilities underscores the nation’s commitment to maintaining security in the face of evolving global dynamics and potential threats.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

U.S. IRA’s effects on EU green push have been less than feared

A year after the United States launched its ambitious green subsidies initiative, the Inflation Reduction Act (IRA), concerns in Europe about a potential exodus of companies seeking US tax breaks have largely been assuaged. The European Union (EU) responded to the IRA with measures to relax its state aid rules, allowing European governments to match US subsidies. While there are some concerns about a lack of aid accessibility for smaller firms and the complex nature of EU financing, the response has curbed fears of a mass corporate migration to the US.

Energy trading giants face cash conundrum amid limited investment opportunities

As the top global energy trading houses gear up for their annual industry gathering in London, they face a significant challenge: what to do with their substantial cash reserves. While these trading houses typically disclose little about their cash position, equity, or dividends, companies like Vitol…

India’s ONGC Videsh gets three year extension for South China Sea exploration

Indian energy company ONGC Videsh has received a three-year extension from Vietnam for its exploration activities in “Block 128” located in the South China Sea. The company announced the extension through a post on the social messaging platform X (formerly known as Twitter).

Stay informed

error: Content is protected !!