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ABC News
ABC News
Business
defence correspondent Andrew Greene

Army projects drastically cut as Australia fast-tracks massive build-up of land-based missiles in Defence shake-up

The Defence Strategic Review will include reducing the number of infantry fighting vehicles. (Supplied: Australian Army/Lauren Larking)

A multi-billion-dollar project to build high-tech army vehicles will be slashed by more than two-thirds as part of a dramatic realignment of Australia's military that will fast-track the purchase of land-based missiles to deter rising regional threats.

The federal government has confirmed its long-awaited response to the Defence Strategic Review (DSR) will include reducing the number of infantry fighting vehicles (IFVs) from 450 to 129 and cancelling a planned second regiment of self-propelled Howitzers.

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