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

A century of voice, advocacy and belonging: The Greek Herald marks 100 years

Founded in 1926, The Greek Herald marks a century of journalism, chronicling the history, identity and civic life of Greek Australians.

Tom Koutsantonis MP defends comments on Fr Patsouris after Adelaide Diocese response

South Australian MP Tom Koutsantonis has responded after the Holy Diocese of Adelaide criticised his public remarks on Fr Patsouris.

Mytilenian Brotherhood of Sydney to elect new Board at 2026 AGM

Members of the Mytilenian Brotherhood of Sydney and NSW will gather later this month for the organisation’s 2026 Annual General Meeting (AGM).

Angelo Tsarouchas brings ‘Diaspora’ tour to Australia for three-city run

The Funny Greek, Angelo Tsarouchas, is headed back to Australia with his hilarious new show Diaspora on a short but sweet three-city tour. 

Elvis Korsovitis joins the Kospetas Family to open STIX Hellenic Taverna in Sydney

A bold new chapter in Classical Greek dining unfolds this week, as Elvis Korsovitis, co-founder of the much-loved Greek street food brand Stix &...

You May Also Like

Kalymnian Greek Dance Group to perform at Sydney Children’s Festival

Multicultural kids will dance at the Sydney Children’s Festival at Darling Harbour on Sunday June 26, after two-and-half years of Covid.

Cypriots march in ANZAC Day parade in Sydney for first time

For the first time in Australia's history of ANZAC Day marches, Cypriots were invited to join the Sydney parade.

Greece to investigate alleged breach of personal data of Greeks abroad

The Athens prosecutor's office opened an investigation on Tuesday into the leak of an undefined number of emails from Greeks living abroad, which were...