Australian Munitions and Singapore Technology Kinetics Limited have signed a deal to develop, make and market ammunition in Australia and New Zealand.
“The two companies will focus on making new 40mm capabilities available to the Australian Department of Defence and establishing supply from within Australia,” the joint statement read.
“They will also look to introduce an innovative supply chain approach which includes reciprocation of supply.”
Australian Munitions was launched in August last year as a division of Thales. It is the country’s biggest supplier and manufacturer of explosive ordnance.
ST Kinetics makes and designs a range of 40 mm weapons and ammunition, and is “the land systems and specialty vehicles arm of ST Engineering.”