U.S. approves potential $975 million HIMARS sales to Australia

The Biden administration has revealed its intention to sell High Mobility Artillery Rocket Systems (HIMARS) to Australia in a deal valued at up to A$1.5 billion ($975 million). This move is part of the effort to strengthen the alliance between the United States and Australia and counter China’s expanding military presence in the Indo-Pacific region.

The proposed sale includes 22 M142 High Mobility Artillery Rocket Systems, 60 Guided Multiple Launch Rocket Systems, and various other munitions. However, the sale still requires approval from the US Congress and finalization of contracts.

The State Department has stated that Australia intends to use this capability to enhance its homeland defense and safeguard critical infrastructure. They also mentioned that the sale would not significantly alter the military balance in the region.

The US and Australia have been working to enhance their military cooperation, especially in response to the growing influence of China’s military capabilities. In July, both countries announced plans to increase the US military presence in Australia, which includes more frequent visits by US submarines and collaboration on guided missile production.

This move aligns with President Joe Biden’s focus on strengthening relationships with allies and addressing security challenges posed by China. The upcoming visit of Australia’s Prime Minister Anthony Albanese to the US in October is expected to further solidify these efforts.

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

India signals long-term pivot to U.S. with unprecedented trade offer

India is offering a rare and powerful incentive to clinch a trade deal with the United States — a special clause that would ensure Washington always gets the most favorable terms India agrees to with any other country in the future.

The provision, known as a forward most-favoured-nation (MFN) clause, is designed to “future-proof” the deal. If granted, it would automatically extend to the U.S. any better tariff terms India might offer to another trade partner down the line. Such clauses are highly unusual in India’s trade agreements, highlighting the strategic importance New Delhi is placing on securing a comprehensive deal with the Trump administration.

China approves $17.20 billion in development loans to boost property sector

China’s housing authority has disclosed that a significant amount of development loans have been approved and issued under a special mechanism designed to provide liquidity to the troubled property sector. A total of 123.6 billion yuan ($17.20 billion) in development loans have been…

Australia set to roll out clean energy incentives amid global competition

Australia is gearing up to introduce financial incentives aimed at bolstering investment in the domestic clean energy sector, aiming to prevent capital and talent from flowing overseas due to subsidies in the U.S. and Europe. Responding to substantial clean energy incentives in President…

Stay informed

error: Content is protected !!