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Australia acquires IM-260 missile
Australia has announced the signing of a deal valued at 736 million Australian dollars to purchase 450 Air-to-Air missiles of the "AM-260" model from Lockheed Martin, to equip the Australian Air Force. This is the first foreign acquisition of the new missile, which is still in the early development stage. The Department of Defense has not specified the delivery date or explained the lower contract value compared to the total amount approved by Congress. The deal comes amid concerns within the U.S. Congress about depleting the national stocks of long-range missiles, especially as a result of the war with Iran, which has led to sharp declines in the inventory of defense missiles such as Patriot and THAAD. Additionally, Australia announced the successful testing of a developed missile engine in partnership with the French company Thales, as part of efforts to boost its domestic missile industry. The government plans to invest up to 36 billion Australian dollars over ten years to meet military needs and address the shortage of vital components caused by recent global conflicts.
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