Australia says it will spend $770 million on navy weapons development
Australia will spend A$1 billion ($770 million) developing new naval weaponry capabilities, including long-range missiles and torpedoes, the federal government said on Monday, part of a vast defence upgrade amid rising regional tensions.
“These new capabilities will provide a strong, credible deterrent that will ensure stability and security in the region,” Defence Minister Linda Reynolds said in the statement.The spending is part of a previously announced defence budget increase over the next decade as the country seeks to pivot its military focus to the Indo-Pacific region amid worsening relations with China.
The government said it would provide anti-ship and surface-to-air missiles with ranges of more than 370 km (230 miles), and maritime land strike missiles with ranges of 1,500 km to “enhance the protection of our maritime resources and borders, and hold adversaries at risk of much greater distances”.
($1=1.2967 Australian dollars)Reporting by Byron Kaye; editing by Richard Pullin Read more: Reuters Top News »
Welcome to Gigi Hadid’s Grand Fantasy Fashion Game
The model plays her very own video game.
With all countries massively upping their spending on military, one has to think, what the hell is going on in the background. CoVid has not changed our really close mindset...instead of thinking about avoiding climate changes and further spreading of virus to avoid future deaths ...they invest in weapons....human been will never change, our destiny is to already clear... total extinction!
RChinemelem Lol....... 770 million. Can buy less than 10 F-35A. Yes, point a gun at China's head and go: You gonna buy these coal or else... Not even close to the cost of one destroyer. 🤣 I don’t think that $770 million would buy one and a half of an American submarine. Hahahaha That's sad.