A new bilateral deal has been signed between Australia and the US to co-develop and support the next-generation Precision Strike Missile.
The missile is a key part of the US Army’s modernization portfolio and is now being shared with trusted allies.
It brings superior range and versatility, replacing outdated rocket artillery with precise battlefield dominance.
The initiative fits into Australia’s broader strategy to invest in long-range weapons systems through international collaboration.
Australian firms are now eligible to manufacture missile subcomponents and electronic systems.
This allows domestic players to build capability in guided munitions and defense supply resilience.
The deal includes a clause to explore local missile assembly and repair operations.
If progressed, Australia could establish a sovereign PrSM lifecycle support ecosystem.
