Raytheon Australia, Chemring Australia and Poongsan Corporation have teamed together to bid for the Domestic Munitions Manufacturing Arrangements (DMMA) project.
The DMMA project aims to deliver new commercial arrangements for the manufacture and supply of domestically produced munitions, replacing the Strategic Agreement for Munitions Supply (SAMS) and Mulwala Agreements upon their expiry in June 2015.
The team draws together three recognised global munitions companies with extensive expertise, experience, and infrastructure in the manufacture and supply of energetic materials, guided munitions and non-guided munitions.
This collaboration will ensure the transfer of manufacturing technology and processes which will significantly reduce costs whilst strengthening this designated Priority Industry Capability for Australia, the companies announced.
Chemring Australia is a manufacturer and supplier of expendable countermeasures and military pyrotechnics.
Poongsan Corporation, based in the Republic of Korea, designs, develops and manufactures small, medium and large calibre ammunition and propellant.
The company is the designated general ammunition manufacturer to the South Korean Government and recognised as a leader in the provision of conventional ammunition to the global market, with an overseas customer base that spans 60 countries including the US and Australia.