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

Trump outlines four war aims on Iran, warns ‘big wave’ still to come

US President Donald Trump has set out four objectives in the conflict with Iran, warning that “the big wave” of strikes is still to come.

Greece deploys fighter jets and frigates to Cyprus after drone attacks

Four Greek F-16 fighter jets have arrived in Cyprus, marking a show of support and strengthened defence following recent drone attacks.

Iranian commander threatens intensified missile attacks on Cyprus

An Iranian military commander has issued a renewed warning that Cyprus could be targeted by missile attacks.

Greek Fest at Darling Harbour lights up Sydney in a day of Hellenic celebration

Despite a rain-soaked start, the 44th Greek Festival of Sydney unfolded in full colour on Sunday at Tumbalong Park, Darling Harbour.

Liberals brave the rain and go walkabout at the Antipodes Festival

Umbrellas were up on Lonsdale Street on Sunday as showers swept through the Antipodes Festival, but the rain didn’t deter Liberal politicians.

You May Also Like

TGH Exclusive: How 19-year-old multi-millionaire Fotios Tsiouklas is becoming the next Bill Gates

Fotios’ business venture ‘Kickspan’ has kicked off into a multi-million dollar company, with Fotios revealing the company has a $5,000,000 valuation.

Jim Tsouvalas slams Adelaide City Council’s rejection of football pitch upgrades

Jim Tsouvalas has slammed a decision by Adelaide City Council to reject a request by Adelaide Comets FC to upgrade its home ground.

October 1, 1974: Archaeologist who discovered Akrotiri, Spyridon Marinatos, died

Spyridon Marinatos is one of the most famous archaeologists of the twentieth century, discovering the Bronze Age city of Akrotiri.