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Australia and the United States have signed a Memorandum of Understanding for PrSM production, sustainment and follow-on development.

The MoU provides the ADF access to PrSM munitions and establishes PrSM as a cooperative program between Australia and the United States. This opens the door for Australian industry participation in the PrSM supply chain, including for locally manufactured components and sub-components.

The MoU also provides options for future domestic manufacturing and maintenance of PrSM in Australia, with negotiations on options expected to commence later this year.

Defence is contributing approximately $310 million over 10 years to become a full cooperative partner in the PrSM program. Defence will also invest around $150 million over the next five years to acquire the initial quantities of the capability required to establish the first Long Range Fires Regiment.