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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

A modern, Ancient Greek philosopher – Dr Tim Themi

Dr Tim Themi grew up in Melbourne where he still resides, after his Greek parents migrated from Northern Greece - Florina and Alexandreia.

Six Greek gestures and their meanings

Greek gestures and expressions are deeply tied to culture and communication. Understanding them can help avoid unintended offense.

Urban olive harvests: A lifeline amid Greece’s soaring oil prices

On the bustling streets of Glyfada, an unusual scene unfolds: nets spread beneath olive trees as workers harvest their fruit.

Tinos island faces mounting water crisis

Tinos Island in the Cyclades is facing a severe water crisis, with its infrastructure unable to keep up with rapid tourism development.

Arthur Karamalis’ gelato family legacy lives on in South Australia

For George Karamalis, gelato is more than a treat—it’s a family tradition and the foundation of a thriving South Australian business.

You May Also Like

11-year-old Greek Australian table tennis star aims for Tokyo Olympics

At the Dandenong Table Tennis Centre, 11-year-old Connie Psihogios is sweating on her backhand and dreaming of a summer in Tokyo. During these school...

Hellenic Lyceum of Sydney’s book club honours centenary of Maria Callas’ birth

The Hellenic Lyceum of Sydney’s Book Club honoured the centenary of Maria Callas’ birth on Saturday, December 2 with a High Tea Presentation.

All Saints Grammar students receive Watson School Leadership awards

All Saints Grammar School in Sydney has celebrated the achievement of its Year 12 school captains, Vasileios and Karina.