Australia locks in $1b defence deal with Germany

News Snapshot:

But the German government approved a plan to buy the Boxers from Rheinmetall and to be built by its Australian subsidiary this week. Mr Albanese said the deal would allow Rheinmetall to “grow its presence” in Queensland. “But what’s more, we’ll see some 300 companies benefit due to the flow-on impact through the supply chain … in the western suburbs of Brisbane,” he said from the company’s factory in Redbank on Tuesday. “This is an exciting project. This is world-class facilities, and it shows that Australia can compete with the rest of the world. “We can partner with our friends,...