United Homes Group stock plunges after Nikki Haley, directors resign
Investing.com -- Australia and the United States signed a major investment agreement on Monday that includes billions in critical minerals projects, defense systems, and other investments, according to the White House.
The deal commits both nations to invest more than $3 billion in critical mineral projects over the next six months. Additionally, the Pentagon will invest in a Gallium refinery in Western Australia.
As part of the agreement, Australia will purchase $1.2 billion in Anduril unmanned underwater vehicles and will receive Apache helicopters in a separate $2.6 billion deal.
Australia’s superannuation funds will significantly increase their investments in the United States, reaching $1.44 trillion by 2035 - almost $1 trillion more than current levels.
The agreement also includes a $2 billion investment from Australia in U.S. companies for its Joint Air Battle Management System.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.