Varley Australia has announced a Joint Venture with Rafael Advanced Defense Systems to locally manufacture the latter's Spike LR2 anti-tank guided missile.
Together the two companies are planning to begin local Australian production and assembly of high-end technologies in support of future Defence contracts, including Land 400 Phase 2 (Mounted Reconnaissance Vehicle capability).
Varley was selected to create a state of the art manufacturing facility in Australia which will provide production and support of the fifth generation missile, with the decision made following a comprehensive assessment by Rafael of Australian manufacturing facilities and operations. Varley and Rafael JV will become the first corporation globally to manufacture the Spike LR 2 outside of Israel.
Varley CEO Jeff Phillips said the selection demonstrates the skills and capabilities that reside within Australian industry. “This joint venture will allow us to introduce more high-level jobs and employ highly skilled Australian engineers and technicians and continue to grow our local industry presence,” he said.
The partnership between Varley and Rafael will provide the Land 400 Phase 2 program with a unique long-term source for local production and sustainment. Both are eyeing adjacent opportunities including the provision of support to future Rafael products such as the Iron Dome’s interceptor Tamir, the Trophy Active Protection System (APS) and more.
Rafael Executive VP Giora Katz said Rafael's intent is to maximise opportunities for competitive Australian companies such as Varley. “Through this partnership we will transfer our production capability, enhancing the skills, technology and infrastructure of Varley, thereby ensuring Australia has total operational independence in its use of our technologies,” he said.