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F-35 fighters, 75 M1A2 Abrams tanks, LRASM, JSM, JASSM-ER, AMRAAM and Sidewinder missiles – Australia’s defense budget for the first time in history exceeded AU$50 billion

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F-35 fighters, 75 M1A2 Abrams tanks, LRASM, JSM, JASSM-ER, AMRAAM and Sidewinder missiles – Australia’s defense budget for the first time in history exceeded AU billion

The Australian defense budget was published this week. For the first time in the history of the country, funding exceeded AU$50 billion ($34.08 billion).

What is known

Australia’s defense budget reached AU$52.588 billion ($35.84 billion), representing 2.04% of gross domestic product. In 2023-24 The defense forces will buy missiles LRASM, JSM, JASSM’s, AMRAAM and Sidewinder for F-35 Lightning II, F/A-18 Super Hornet fighters and P-8A Poseidon anti-submarine patrol aircraft.


In addition to the missiles listed above, Australia intends to receive 500 and 1,000 lb guided bombs. In 2023-24 $AU$172 million ($117.22 million) will be spent, and AU$810 million ($552 million) over five years.

Now one of Australia’s problems is that it does not produce precision-guided munitions. Quick deliveries are in question as Lockheed Martin, Boeing, Raytheon and others are working at full capacity to replenish US stockpiles amid the war in Ukraine.


The largest project of the Defense Forces is the acquisition of fifth-generation F-35A Lightning II fighters. Australia ordered 72 aircraft. The last dozen will be delivered next year. The program costs AU$16.4 billion ($11.18 billion), of which in 2023-24. AU$870 million ($592.9 million) will be spent.

Australia also plans to invest in tanks. The country wants to order 75 M1A2 Abrams main battle tanks to replace 59 M1A1 units. Together with the tanks, 52 combat engineering vehicles will be ordered.


In addition, do not forget that Australia is preparing to acquire nuclear submarines under the AUKUS agreement. It was signed in March 2023 in San Diego. Australia will buy at least three Virginia-class submarines, and will also begin joint production of AUKUS submarines with the US and UK. By 2055, $245 billion will be invested in the project.

Source: Breaking Defense





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