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

Greek Independence Day at Lakeside Stadium, a living postcard of Hellenism

On the first evening of April at Lakeside Stadium, the blue and white of the Greek flag told its story before a single word was spoken.

NSW Parliament to host ‘Ode to Freedom’ exhibition marking Missolonghi bicentenary

AHEPA Sydney & NSW Inc has announced “Ode to Freedom”, a compelling exhibition by Greek Australian artist Angela Kiki Konstantinopoulou.

Preserving Australia’s visual history: Inside the work of Bill Zographos

Bill Zographos is leading efforts to preserve Australia’s analogue archives, as vast amounts of historical material risk being lost forever.

Fear, resilience and return: Inside the Greek community’s response in Bahrain

Amid rising tensions in Bahrain, Honorary Consul Aliki Chatzara has been coordinating efforts to help Greeks return home.

Melbourne parish honours EOKA liberation struggle anniversary

The anniversary of the start of the EOKA liberation struggle was commemorated in Melbourne’s west on Sunday, March 30.

You May Also Like

Kids Festival at the Greek Orthodox School of Darwin brings joy to hundreds

From rides to fun houses, the Kids Festival at the Greek Orthodox School of Darwin brought a smile to the faces of everyone in attendance.

Church leaders visit Gaza after deadly strike on Christian site

Catholic and Greek Orthodox leaders made a rare visit to Gaza, following a deadly Israeli tank shell strike on the Holy Family Church.

The Block auctioneer Tom Panos could leave TV show amid ‘hidden’ costs

Appearing on Channel 9's The Block is not just a commitment of time and effort – it comes at a significant financial cost.