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Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
Marles outlined that the federal budget would include an increase of A$10.6 billion (US$6.66 billion) for defence over the next four years—a key component of a previously announced A$50 billion boost over a decade. He described this package as the most significant surge in defence spending since the end of World War II.
Speaking at the Avalon Air Show in Victoria, Marles emphasized that the accelerated spending would enable Australia to fast-track critical projects, including the development of guided weapons manufacturing capabilities, the establishment of an AUKUS submarine base at HMAS Stirling in Western Australia, and the procurement of a new frigate into the service fleet within the decade.
“This additional A$1 billion is necessary to accelerate our capability and development,” Marles said, highlighting that the funds will facilitate readying HMAS Stirling and launching the Henderson Defence Precinct as the base for the Submarine Rotational Force West. He also noted that the move will help advance the Guided Weapons and Explosives Enterprise at a faster pace.
Under the AUKUS pact, up to four U.S.-commanded and one British-commanded nuclear-powered submarines are expected to rotate through Australia’s largest naval base from 2027. The early injection of funds will also support the broader strategy of enhancing long-range strike capabilities.
In related developments, Australia has already received the first two of 42 High Mobility Artillery Rocket Systems (HIMARS) launcher vehicles ordered from Lockheed Martin. Brigadier Nick Wilson explained that the mobile, truck-mounted system—used in the war in Ukraine—will significantly enhance the nation's ability to deploy coastal operations, as it can be easily transported by ship or via C-17 and C-130 aircraft.
Defence Industry Minister Pat Conroy added that the Precision Strike Missile, with a 500-kilometre range, is slated for delivery this year to integrate with the HIMARS, further bolstering Australia’s regional strike capabilities.
The move comes amid ongoing pressure from U.S. President Donald Trump and other security allies for Australia to increase its defence spending, reflecting heightened regional security challenges and the need for a modernised military infrastructure.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th July, covering the latest developments you need to know.
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
The U.S. military said it completed a fresh wave of strikes on Iran late on Thursday, marking the 13th consecutive night of American attacks. The latest operation lasted more than two hours, according to U.S. Central Command.
Spain has declared a national emergency and evacuated more than 10,000 people after uncontrolled wildfires reached the outskirts of Madrid. Emergency crews have rescued residents as multiple blazes continue to spread across the region.
Six candidates vying to become the next United Nations Secretary-General have called for restoring the organisation's credibility, strengthening multilateralism and reforming the UN, during the first public town hall debate ahead of a decisive Security Council vote next week.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
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