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Police claim they've stopped a "tsunami" of ice from hitting our streets after U.S. authorities seized 1.7 tonnes of the drug in a shipment destined for Australia.

The two containers of drugs, hidden inside metal boxes labeled "Single Loud Speakers", contained 3,810 pounds (1,730 kg) of methamphetamine, about 56 pounds (25 kg) of cocaine and 11.5 (5.3 kg) pounds of heroin, U.S. Customs and Border Protection officials said.

The revelation came following authorities stopping the largest-ever seizure of methylamphetamine bound for Australia, carrying an estimated street value of $1.29 billion.

The drugs were seized at the Los Angeles/Long Beach seaport on January 11.

Methylamphetamine with an estimated street value of AUS$1.29 billion (more than USD$911 million) has been seized by Australian and USA authorities, according to the Australian Federal Police.

Australian authorities said Friday the joint U.S.

Among the suspects are two Americans: a 52-year-old man and a 46-year-old woman.

The drugs were seized by Californian police before they could reach Australian shores.

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The shipment, marked as "loudspeakers", was bound for Australia, the CBP statement said.

The investigation started between six and eight months ago, when a police officer pulled over a motor vehicle in country Victoria. Police said the raid in the Melbourne suburb of Woodstock in which they were arrested also found "hundreds of thousands of dollars of proceeds of crime".

"This historic seizure highlights just how important the U.S. We now believe Mexican cartels are actively targeting Australia, they have been sending smaller amounts of ice over the years but this is now flagging the intent that Australia is now being targeted", Mr Hill said.

"We've got money, and we're willing to pay more for our drugs than anywhere else in the world".

None of the agencies involved has further identified the cartel.

The Australian investigation unit was made up of the AFP, Victoria Police, the Australian Border Force (ABF), the Australian Criminal Intelligence Commission (ACIC) and the Department of Home Affairs.

Three of those arrested in Australia will appear at Melbourne Magistrates Court later on Friday.