Defence

Labor backbencher Ed Husic broke ranks with the government to question the AUKUS submarine pact, amid growing disquiet over the agreement within the party’s membership base.

Regal’s Phil King says the Israeli company is “one of the most exciting exposures to the defence industry on the ASX” with its products on Trump’s shopping list.

Anduril continues to expand local operations to service a $1.7 billion underwater drone contract, which is expected to grow under the National Defence Strategy.

Greg Moriarty is set to take over as US ambassador at a complex time for both geopolitics and Australia’s most important alliance.

Even though both were criticised for selling down large amounts of stock earlier this year, their departure still spooked the market, wiping $500 million from Droneshield’s value.