Australian Defence Minister Richard Marles on Wednesday announced a $50 billion Australian ($32 billion US) defence funding boost over the next 10 years. The spending package includes an additional $5.7 billion over the next four years and an immediate injection of more than $1 billion to speed up development of long-range missiles and targeting systems, as well as fuel resilience and robotic and autonomous systems, Marles said. The funding also includes an upgrade of Australia’s naval fleet with greater firepower and conventionally armed, nuclear-powered submarines. The army is to be given th…