Australia and the United States have formalized a strategic partnership through a memorandum of understanding to jointly develop, produce, and support the Precision Strike Missile (PrSM) program.
The agreement reflects shared regional defense goals and allows closer alignment of tactical missile capabilities.
The PrSM is designed for long-range precision strikes, offering enhanced lethality and faster deployment on the battlefield.
The pact also underpins growing US-Australia defense interoperability in the Indo-Pacific region.
Australian defense firms will now be involved in the PrSM supply chain, contributing key components and sub-systems.
This move is expected to boost Australia’s local defense manufacturing capabilities and create skilled jobs.
Discussions on domestic missile production and long-term maintenance infrastructure will begin later this year.
If approved, this could establish Australia as a strategic hub for missile manufacturing in the Southern Hemisphere.
