Thales, Australia Sign $690M Agreement to Manufacture Munitions Locally
Thales and the Australian Government have signed a decade long contract worth more than AUD 1 billion (nearly $690 million) that guarantees the Australian manufacture and supply of strategic munitions to the Australian Defence Force (ADF).
This contract will enable Thales to secure more than AUD 450 million ($310 million) in export and non-ADF orders over the coming 10 years, the company said in a release June 29.
The Group has invested more than AUD 20 million in research and development and AUD 25 million in capital infrastructure over the last 10 years at the Benalla and Mulwala facilities and will invest further to develop new and world leading products for the ADF.
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