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

How a younger generation is rewriting dowries with threads of rebellion

The Dowry Project invites women to take something deeply traditional, the Greek proika, or glory box, and reinterpret it for today.

Dr Nick Dallas to present rare Tashkent archive research on the Greek Civil War

Dr Nick Dallas will present new research from the Tashkent archives in a lecture on the fate of Greek Civil War fighters exiled after 1949.

Greek Consulate in Sydney hosts seminar on citizenship and passport processes

The Consulate General of Greece in Sydney launched an information campaign on consular matters by organising a seminar on Friday.

Sydney Olympic FC postpones Annual General Meeting to April

Sydney Olympic FC has announced a change to the date of its upcoming Annual General Meeting, pushing the meeting back by nearly a month.

St Spyridon Soccer Club awards Life Membership to founder Father Steven Scoutas

Father Steven Scoutas, the founding figure behind the St Spyridon Soccer Club, has been honoured as a Life Member.

You May Also Like

Greek community mourns passing of Professor George Kanarakis

Tributes flow for Prof George Kanarakis, an academic whose research brought Greek Australian literature to international recognition.

Widowed single mum Kayla Psaradellis says she faces barriers to Sydney’s rental market

Single mum Kayla Psaradellis has revealed her experiences with landlords and property agents after tragically losing her husband to cancer.

Patricia Karvelas to focus on long-form reporting as ‘Q+A’ comes to an end

ABC’s Q+A to end in 2025 after 18 years on air, with host Patricia Karvelas shifting focus to long-form journalism and new ABC News projects.