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

Simco Lithium seeks funding for $600 million lithium project in Chile

Simco Lithium, a joint venture valued at $1.5 billion to $2 billion, is actively seeking investors to finance its lithium project in Chile. The joint venture is owned by a Singaporean investment fund and a Chilean business group, and it aims to become the third lithium producer in Chile…

China’s manufacturing activity shrinks for the fifth consecutive month in August

China’s manufacturing activity continued to contract for the fifth consecutive month in August, as indicated by the official purchasing managers’ index (PMI) released by the National Bureau of Statistics. The PMI rose to 49.7 from 49.3 in July, but it remained below the 50-point level that signifies contraction in the sector. This ongoing contraction puts pressure on Chinese officials to take measures to support economic growth, especially in the face of soft demand both domestically and internationally.

European NATO members sign $5.5 billion contract for 1,000 Patriot missiles

A coalition of European states, including Germany, the Netherlands, Spain, and Romania, has collectively ordered up to 1,000 Patriot air defense missiles in response to a renewed wave of Russian airstrikes against major Ukrainian cities. This significant procurement is facilitated by the NATO…

Stay informed

error: Content is protected !!