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

Neoléa’s Lambatha Workshop lights up Olympic Hall ahead of Orthodox Easter

Neoléa successfully hosted its Lambatha Workshop at Olympic Hall on Saturday, April 4, welcoming over 40 children and their families.

Greek Consulate in SA honours 205th anniversary of Revolution with powerful event

Adelaide’s Greek community marked the 205th anniversary of the Greek Revolution with a powerful evening of reflection.

Dancing for a cause: O Periklis students fundraise for Royal Children’s Hospital

Their fundraiser for this year's TradFest will support the Royal Children’s Hospital (RCH) Good Friday Appeal and will be held on April 17.

Cyprus Community of NSW unveils 2026 School Holiday Cultural Camps to inspire youth

The Cyprus Community of New South Wales Ltd has announced the launch of its 2026 School Holiday Camp Program from July 13 – July 17, 2026.

Aaron Zerefos secures top-three class finish on return to Bathurst 6 Hour

Greek Australian driver Aaron Zerefos has marked his return to endurance racing with a strong result at the Bathurst 6 Hour.

You May Also Like

British comedians, Steve Coogan and Rob Brydon, travel for us in ‘The Trip To Greece’

Internationally-acclaimed British comedians, Steve Coogan and Rob Brydon, are back in action with their latest series of The Trip.

Vivaldi’s “Four Seasons” reimagined at Greek National Opera in Athens

Four seasons, a performance for children and adolescents, based on Antonio Vivaldi’s timeless masterpiece, is currently playing at the Greek National Opera Alternative Stage,...

Heartbeat of Football receives $10,000 donation from Good Samaritan

Heartbeat of Football received a $10,000 donation on Monday from the owner of The Hellenic Greek eatery, Theo Travlos, to amp up their heart health testing.