The United States of America on Saturday revealed that it will engage in developing a missile-manufacturing and exporting industry, in Australia.

This was revealed after high-level talks between the two countries.

Speaking to reporters Australia’s Defence Minister Richard Marlesv hailed the project, stressing that it was a boost for his country's defence and industrial base.

"We hope to see manufacturing of missiles commenced in Australia in two years' time," Australian

"We are really pleased with the steps that we are taking in respect of establishing a guided weapons and explosive ordnance enterprise in this country," Marles said.

The project will see Australia develop guided multiple-launch rocket systems.

U.S Secretary of State Antony Blinken and Pentagon Chief Lloyd Austin travelled to Brisbane for the announcement, which followed discussions with Marles and Australian Foreign Minister Penny Wong.

Access24 reports that Washington will work with Australia to develop its fledgling domestic missile industry, with an eye to securing a reliable pipeline for its armed forces down the track.