The MoU enables Australian access to PrSM munitions and confirms PrSM as a formal cooperative programme between the two nations. It also paves the way for Australian companies to contribute to the missile’s supply chain, including through local manufacturing of components and sub-components.
The agreement includes provisions for possible future domestic production and maintenance of PrSM missiles in Australia, with negotiations on these options set to begin later in 2025. Deputy Prime Minister Richard Marles and US Secretary of Defense Pete Hegseth welcomed the signing during their meeting at the Shangri-La Dialogue.
“This is another important step in the Defence Strategic Review’s plan to provide the Australian Defence Force with impactful projection and a missile manufacturing industry,” said Mr Marles. “This agreement will not only contribute to the future of Australia’s defence capabilities, but also open up new opportunities for our industry and workforce.”
PrSM is a surface-to-surface missile designed to strike targets at extended ranges and deliver enhanced precision and lethality. The missile can be launched from High Mobility Artillery Rocket System (HIMARS) vehicles, which began arriving in Australia in March 2025.
The Australian Government will contribute approximately $310 million over ten years to support full cooperation in the programme. An additional $150 million will be invested over the next five years to procure the initial stock for establishing the Australian Army’s first Long Range Fires Regiment.
Source: Australian Government.
