
Australia will begin building Lockheed Martin’s [LMT] Guided Multiple Launch Rocket Systems (GMLRS) munitions by 2025, in a new co-production agreement with the U.S. announced on July 29. The new effort was detailed following the 33rd Australia-U.S. Ministerial Consultations (AUSMIN), and is part of Australia’s Guided Weapons and Explosive Ordnance (GWEO) Enterprise initiative to bolster the country’s production capacity of such weapons. “We are really pleased with the steps that we are taking in respect of establishing a guided weapons…