France wins $40 billion Australian submarine contractStaff writer ▼ | April 26, 2016
The Turnbull Government announces that the next generation of submarines for Australia will be constructed at the Adelaide shipyard.
Defense industry 12 Future Submarines for Australia
DCNS of France has been selected as our preferred international partner for the design of the 12 Future Submarines, subject to further discussions on commercial matters.
Along with our recent naval shipbuilding announcements, the commitment to an Australian build will create a sustainable Australian naval shipbuilding industry and provide the certainty that industry requires to invest in innovation and technology and grow its workforce.
The Future Submarine project is the largest and most complex defence acquisition Australia has ever undertaken. It will be a vital part of our Defence capability well into the middle of this century.
This $50 billion investment will directly sustain around 1,100 Australian jobs and a further 1,700 Australian jobs through the supply chain.
Subject to discussions on commercial matters, the design of the Future Submarine with DCNS will begin this year.
The Turnbull Government is also conducting a strategic review of the workforce, skills and infrastructure needs to deliver this key capability as part of its Naval Shipbuilding Plan, to be released this year.
The Plan will bring together the requirements for the Future Submarine program, along with the more than $35 billion Future Frigate program and the more than $3 billion Offshore Patrol Vessel program, as part of the broader continuous naval shipbuilding philosophy to which the Government is committed. ■