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BAE Systems secures $270M deal to expand missile component production

BAE Systems Australia has been awarded a $270 million contract to enhance the production of critical components for the Evolved SeaSparrow Missile (ESSM) Block 2, a medium-range, surface-to-air missile designed to protect warships from advanced anti-ship cruise missiles.
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Building resilience as manufacturing requirements become more complex

The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.