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. LNG boom highlights Europe’s strategic energy shift under Trump

U.S. liquefied natural gas (LNG) exports have hit record levels in early 2025, surging more than 20% from the same period last year. From January through April, the U.S. exported 34.6 million metric tons, the highest ever for that window. European buyers accounted for 77% of that total, with imports rising nearly 50% year-on-year as countries moved to refill depleted storage and support gas-fired power generation, which reached its highest level since 2021.

France, the UK, and the Netherlands led purchases, making up about 35% of all U.S. LNG shipments. France, in particular, set a new record with 4.8 million tons imported. Other key buyers included Turkey, Spain, Italy, and Poland, all of which saw a spike in gas-fired electricity output due to reduced wind and hydropower.

China-backed lithium plants signal Nigeria’s entry into strategic minerals game

Nigeria is preparing to commission two major lithium processing plants in 2024, signaling a decisive move away from raw mineral exports and toward onshore value addition. The milestone is expected to bolster the country’s ambition to become a key player in the global battery materials supply chain, while reducing its historical dependence on oil and gas exports.

The two new plants—a $600 million lithium processing facility near the Kaduna-Niger state border and a $200 million refinery on the outskirts of Abuja—will be operational within the next few months. In addition, two more facilities are expected to be completed in Nasarawa State by mid-2025.

China’s rare earth clampdown sparks alarm in U.S. auto sector

A powerful coalition of U.S. auto suppliers is escalating pressure on the Trump administration to take urgent action as China’s export restrictions on rare earth elements and associated magnet materials threaten to derail vehicle parts production across North America. The latest warning comes from MEMA, the Motor & Equipment Manufacturers Association, which represents hundreds of companies in the auto parts sector and is sounding the alarm over an impending supply chain crisis.

In a statement, MEMA warned that its members are already facing “serious, real-time risks” as a result of the Chinese government’s new licensing regime for rare earth exports. These materials are essential for manufacturing critical components in modern vehicles — from automatic transmissions and electric motors to sensors and power steering systems.

Stay informed

error: Content is protected !!