Australia is fast tracking plans to begin manufacturing advanced missiles and other guided weapons in response to growing tensions in the Indo-Pacific region and concerns over its reliance on imports.

Scott Morrison, Australia’s prime minister, said on Wednesday the government would spend A$1bn (US$712m) to develop a manufacturing capability and would look to select an industry partner. Raytheon Australia, Lockheed Martin, Kongsberg and BAE Systems are expected to compete to participate in the programme.  

“As the Covid-19 pandemic has shown, having the ability for self-reliance, be it vaccine development or the defence of Australia, is vital to meeting our own requirements in a changing global environment,” said Morrison on a visit to Raytheon Australia.