Australia’s new fleet of nuclear submarines to cost up to $368 billion

·

Australia will build a new fleet of eight AUKUS nuclear-powered submarines in Adelaide, South Australia under a national defence program that will cost up to $368 billion over the next three decades.

This news was revealed today by Australian Prime Minister Anthony Albanese, US President Joe Biden and British Prime Minister Rishi Sunak.

The sweeping plan will begin by hosting more visits to Australian ports by United States submarines this year and United Kingdom vessels from 2026, clearing the way for a fixed rotation of naval power in Perth.

Over time, Australia will aim to build a new fleet of nuclear-powered submarines to a joint design with the United Kingdom so that vessels made in Adelaide can enter service in the 2040s.

In the interim, Australia will buy three US-made Virginia-class subs with an option of two more, with the first arriving in 2033. But the sale still requires congressional approval.

The long-term fleet will consist of eight submarines and will be fitted with vertical launch systems to fire cruise missiles.

20,000 direct jobs will be created in Australia by the AUKUS pathway – with the bulk of the jobs in SA and Western Australia – to build the submarines and new infrastructure.

Mr Albanese, Mr Biden and Mr Sunak said in a joint statement that the AUKUS pathway will elevate the industrial capacity of all three countries and expand their presence in the Indo-Pacific.

“Our nations are committed to further trilateral collaboration that will strengthen our joint capabilities, enhance our information and technology sharing, and integrate our industrial bases and supply chains while strengthening the security regimes of each nation,” the three leaders said.

Source: The Australian and The Sydney Morning Herald.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Under a blazing sun, Melbourne’s Greeks show up for Independence Day in thousands

Thousands turned out for Melbourne’s Greek Independence Day parade, braving the heat in a powerful display of pride.

WA honours Greek Independence Day with memorial service and community events

A wreath laying ceremony was held at the State War Memorial on Sunday, March 22, to commemorate Greek Independence Day.

Queensland marks Greek National Day with faith, tradition and youth at the forefront

Queensland marked Greek Independence Day with a church service, wreath laying and student performances. Read more here.

Canberra to mark Greek National Day with historic Carillon tribute and citywide illuminations

Canberra will make history with having one of seven Carillonists around Australia perform to play the Australian and Greek National Anthems.

The next generation reshaping the Cyprus Community of NSW

A profound demographic shift of The Cyprus Community of NSW reshapes its membership, future direction, infrastructure and purpose.

You May Also Like

Love Crepe Creates Frappe Flavoured Gelato

Aside from devouring a delicious gyro, no trip to Greece is complete without ordering a crepe done Greek-style, wrapped and held in the hand...

Census 2021: Top five facts you need to know before you complete it

Next week every Australian household will be required to fill out their Census 2021 form to give an accurate picture of Australia.

Sydney Olympic FC appoints new President Chris Charalambous

Sydney Olympic FC has announced the appointment of Chris Charalambous as its new President, effective immediately.