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

‘I don’t need medals’: The unassuming life of Neophytos Stavrou

As a finalist in the Australia Cyprus Achievement Awards, Neophytos Stavrou represents a generation whose contributions were built quietly.

Vikki and Helena Moursellas reflect on twin bond and life after reality TV

Identical twins Vikki and Helena Moursellas, 37, who became household names as finalists on My Kitchen Rules in 2014.

Krama Brass Band to perform in Canberra, Sydney for Cyprus EU Presidency Cultural Program

The acclaimed Krama Brass Band from Cyprus will tour Australia in early February, with performances confirmed in Canberra and Sydney.

Women’s Greek Community Cup opens with strong performances and community support

The 2026 Women’s Greek Community Cup is underway following a successful opening weekend at John Cain Memorial Park.

Stability, unity and growth on display at South Melbourne FC AGM

The Annual General Meeting (AGM) of South Melbourne FC was conducted in a calm and a collegiate environment.

You May Also Like

Greek wax museum celebrates reopening with new Tom Hanks sculpture

The Wax Museum Theodoros Kokkinidis will welcome their 31st wax model to friends and visitors, who from today took his place in the main living room of the museum.

Police investigating blaze at Adelaide’s Senior Citizen Greek Cafe

Police are investigating a fire that tore through the Senior Citizen Greek Cafe in Woodville Park, leaving the hub severely damaged.

Amaretti: A sweet treat from My Greek Kitchen

Niki Louca from My Greek Kitchen shares her favourite recipe for Amaretti (a bitter-sweet flavored macaroon) with The Greek Herald.