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

From Dark Athens to Dark Salonica: Arthur Antonopoulos explores the city beneath

Following Dark Athens, Antonopoulos’ latest work shifts north, into a city he describes as carrying a distinctly haunting energy.

From yiayia’s garden to Australian bookshelves: Anthony Savas and Elias Anargyros launch Australia’s first plantable children’s books

Two long-time friends are putting Adelaide on the map with a national first: plantable children’s books with characters that grow into real vegetables.

Greece ranks among top solo travel destinations for 2026

Solo travel is no longer a niche choice but a defining trend in global tourism, and Greece has earned a spot in the world’s top destinations.

New safety net for housing: A path to stability for vulnerable borrowers in Greece

A new mechanism is set to offer a lifeline to thousands of households who risk losing-or have already lost-their primary residence.

The beginning of the Triodion: A journey toward Lent

The Triodion marks the beginning of a significant spiritual and cultural period in the Orthodox Church, officially starting on February 1.

You May Also Like

Stefanos Tsitsipas splits from tennis coach Mark Philippoussis

Mark Philippoussis has recently announced on Instagram that he is no longer working with world no.3 Stefanos Tsitsipas.

Turkey says US decision to end Cyprus arms embargo is ‘poison to the region’

The US decision to lift a 33-year arms embargo on Cyprus has prompted an angry response from Turkey overnight.

Can a healthy diet boost your immune system? Dietitian Georgia Pandelios dishes up

Can a healthy diet boost your immune system? Greek dietitian Georgia Pandelios dishes up in our health series.