ALBAWABA - As part of its military plan to strengthen naval capabilities, Australia has announced a $4.7 billion (AU$7 billion) agreement to purchase cu

Australia will pay $7 billion to the US government for hundreds of long-range missiles in a deal approved by Congress that reflects the biggest arms race in the Pacif

Australia will purchase a $7 billion arsenal of long-range missiles from the United States to bolster its defences, as Defence Industry Minister Patrick Conroy warned of the largest arms race since World War II.

Australia will spend $7bn over the decade to revolutionise its air and missile defence systems under a new agreement with the United States aimed at countering China’s recent investments in anti-ship ballistic missile technologies while strengthening deterrence in the Indo-Pacific.