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

Alex Papps marks 20 years on Play School

A special exhibition celebrating 60 years of the iconic children’s television program Play School has opened in Melbourne.

Parthenon Marbles advocate inspires Oakleigh Grammar’s Year 12 students

Oakleigh Grammar was honoured to host respected Greek Australian community leader, Emanuel Comino.

Balance the Scales: What it will actually take to end gendered violence

Each year, International Women’s Day gives us a theme. This year, the United Nations has called on us to “Balance the Scales.”

It’s International Women’s Day, but let’s hear from the men fighting patriarchy

Encouragingly, there is also a growing group of men within the community who are choosing a different path.

‘Back yourself’: Justice Chrissa Loukas-Karlsson on a life in law and breaking barriers

Raised between Queensland and Sydney, she learned from a young age what it meant to stand slightly outside the mainstream.

You May Also Like

Geelong Greek community mourns business icon John Bourdamis

Greek Australian entrepreneur John Bourdamis, who immigrated to Australia in 1954 and settled permanently in Geelong in 1970, has died.

Sale of Hellenic Village’s $117.5 million property at Austral to be hot topic at AGM

The sale of a $117.5 million property at Austral will be a hot topic at the Hellenic Village's Annual General Meeting on Monday, September 23.

Agreement signed for Cyprus-Greece Great Sea Interconnector cable

Greece and Cyprus have signed a memorandum of understanding (MoU) to press ahead with the planned subsea electric cable.