Missiles, drones and warships: How Australia plans to tackle 'coercive' China

The new funding is part of a broader A$330 billion defense budget spanning ten years, which will see Australia’s defense spending increase to 2.4% of GDP by 2034 from just over 2% today. Most of the new funding will kick in after five years, reflecting a strategic shift to prioritize long-range missiles, drones, and warships.