Original article by Ben Packham
The Australian – Page: 1 & 4 : 1-Jul-25
The federal government struck a deal with the Biden administration in 2024 to purchase $7bn worth of guided missiles for its fleet of warships. However, the deal has yet to receive final approval from the White House, and there are fears that the Trump administration could redirect the consignment of missiles to a US ally that is willing to meet its demands regarding defence spending. Prime Minister Anthony Albanese is continuing to resist pressure from the US to increase defence expenditure to 3.5 per cent of GDP; he is adamant that the government will stick with its target of just 2.3 per cent by 2033.
CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT