Australia to speed up $1 billion in defence spending in budget: defence minister | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
May 10, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, MAY 10, 2025
Australia to speed up $1 billion in defence spending in budget: defence minister

World+Biz

Reuters
24 March, 2025, 10:35 am
Last modified: 24 March, 2025, 01:43 pm

Related News

  • Australia markets welcome political stability under Labor as Trump 2.0 risks mount
  • Australia's re elected government says US-China tussle a top priority
  • Australia's Albanese claim election victory, riding anti-Trump wave
  • Labor wins Australia election, local broadcasters project
  • Australians rescue a 10-foot great white shark stranded in shallow water

Australia to speed up $1 billion in defence spending in budget: defence minister

Australia and other United States security allies are under pressure from United States President Donald Trump to increase defence spending

Reuters
24 March, 2025, 10:35 am
Last modified: 24 March, 2025, 01:43 pm
Erika Olson, Charge d’Affaires, for the United States Embassy in Australia with Australia’s Defence Minister Richard Marles, and Minister for Defence Industry Pat Conroy, at the Avalon Air Show, in Victoria, Australia March 24, 2025. Photo: REUTERS/Kirsty Needham
Erika Olson, Charge d’Affaires, for the United States Embassy in Australia with Australia’s Defence Minister Richard Marles, and Minister for Defence Industry Pat Conroy, at the Avalon Air Show, in Victoria, Australia March 24, 2025. Photo: REUTERS/Kirsty Needham

Australia will bring forward A$1 billion in defence spending in Tuesday's federal budget to boost its military capability, including guided weapons manufacture, an AUKUS submarine base and a frigate program, Defence Minister Richard Marles said on Monday.

Australia and other United States security allies are under pressure from United States President Donald Trump to increase defence spending.

Marles said the federal budget would contain an increase of A$10.6 billion (US$6.66 billion) for defence over the next four years, part of a previously announced A$50 billion boost over a decade, which he said was the most significant increase in defence spending since the end of the Second World War.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"Part of the A$10.6 billion sees bringing forward an additional billion dollars and that is because of the need to accelerate Australia's capability and development," Marles said at the Avalon Air Show in Victoria.

"This will see us have ready HMAS Stirling, the Henderson Defence Precinct for the establishment of the Submarine Rotational Force West. This will see us move forward at a faster pace in establishing the Guided Weapons and Explosives Enterprise," he added.

Up to four United States and one British-commanded nuclear-powered submarines will rotate through Australia's biggest naval base, HMAS Stirling in Western Australia, from 2027 under AUKUS.

The earlier spending will also accelerate the purchase of a frigate into the service fleet this decade, he said.

On Monday, Australia said it had received the first two of 42 High Mobility Artillery Rocket Systems (HIMARS) launcher vehicles ordered from Lockheed Martin while the manufacture of guided multiple launch rocket systems (GMLRS) would begin in Australia this year.

Australia is focused on acquiring long-range strike capability and the HIMARS gives its defence force mobility to project into the region, Marles said.

The truck-mounted system was used in the war in Ukraine, and can be moved by ship or Australia's C-17 and C-130 aircraft, "so they are easily deployable across the region" for coastal operations, said Brigadier Nick Wilson.

Australia will take delivery of the Precision Strike Missile, with a range of 500 kilometres, for use in HIMARS this year, said Defence Industry Minister Pat Conroy.

Top News

australia / AUKUS

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • A paramilitary trooper mans a gun atop a vehicle as he keeps guard during a media tour of the Karachi Port, Pakistan, May 9, 2025. Photo:: REUTERS/Shakil Adil
    Indian army denounces ‘blatant escalation’ in Pakistan’s deployment of drones
  • Protesters from various political parties continue to block the Shahbagh intersection in the capital on Friday, 10 May 2025, demanding a ban on the Awami League. Photo: TBS
    Political parties continue Shahbag blockade seeking AL ban, mass rally at 3pm
  • Infographic: TBS
    NBR eyes business-friendly reforms to spark investment

MOST VIEWED

  • Infographic: TBS
    Only 6 of Bangladesh's 20 MiG-29 engines now work – Tk380cr repair deal on table
  • Bangladesh Bank. File Photo: Collected
    Bangladesh Bank tightens credit facility for bank directors and affiliates
  • ‘I killed my father, come arrest me’: Young woman calls 999
    ‘I killed my father, come arrest me’: Young woman calls 999
  • Shahbag filled with thousands demanding ban on AL on 9 May. Photo: Md Foisal Ahmed/TBS
    Demand to ban AL: Shahbagh blockade to continue, mass rally Saturday at 3pm, says Hasnat
  • Unfographic: TBS
    Depleting reserves, deepening crisis: Why gas shortfall has no quick fix
  • China's J-10 fighter jets from the People's Liberation Army Air Force August 1st Aerobatics Team perform during a media demonstration at the Korat Royal Thai Air Force Base, Nakhon Ratchasima province, Thailand, 24 November 2015. REUTERS/Athit Perawongmetha/File Photo
    Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say

Related News

  • Australia markets welcome political stability under Labor as Trump 2.0 risks mount
  • Australia's re elected government says US-China tussle a top priority
  • Australia's Albanese claim election victory, riding anti-Trump wave
  • Labor wins Australia election, local broadcasters project
  • Australians rescue a 10-foot great white shark stranded in shallow water

Features

Kadambari Exclusive by Razbi’s summer shari collection features fabrics like Handloomed Cotton, Andi Cotton, Adi Cotton, Muslin and Pure Silk.

Cooling threads, cultural roots: Sharis for a softer summer

17h | Mode
Graphics: TBS

The voice of possibility: How Verbex.ai is giving AI a Bangladeshi accent

17h | Panorama
Graphics: TBS

Why can’t India and Pakistan make peace?

1d | The Big Picture
Graphics: TBS

What will be the fallout of an India-Pakistan nuclear war?

1d | The Big Picture

More Videos from TBS

India-Pakistan crisis: Demand for retaliatory attacks on military bases

India-Pakistan crisis: Demand for retaliatory attacks on military bases

Now | TBS World
A Decade in Waiting CU’s Convocation Returns

A Decade in Waiting CU’s Convocation Returns

2h | TBS Stories
IPL Suspended Until Further Notice

IPL Suspended Until Further Notice

18h | TBS Stories
Cardinal Prevost elected Pope Leo XIV

Cardinal Prevost elected Pope Leo XIV

22h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net