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The Royal Australian Air Force received its second MC-55A Peregrine aircraft at RAAF Base Edinburgh on March 12, 2026. This aircraft is part of Project AIR 555, which aims to establish a sovereign airborne intelligence, surveillance, reconnaissance, and electronic warfare capability.

The Peregrine is derived from the Gulfstream G550 and features extensive modifications for intelligence missions. A total of four aircraft are planned, with the program valued at A$2.46 billion. The aircraft will operate under No. 10 Squadron and enhance surveillance capabilities in the Indo-Pacific region, integrating with existing systems like the P-8A Poseidon and MQ-4C Triton.