Breaking: New fleet of eight nuclear submarines to be built in Australia in $368 billion deal
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.
The US will commit $US4.6 billion to its industry to support the Australian project, while the UK will spend 2.2 billion pounds.With the government setting out a two-decade effort to develop the industrial capacity to build the new fleet in Australia, it will commit to hosting more foreign vessels and buying US-made submarines to fill a looming gap in the nation’s defences.
The result will give Australia an interim fleet with more capability and firepower than any Australian vessels to date, giving the country more capacity to project force throughout the region. Only after this point is Australia forecast to have the shipbuilding and technology capacity to deploy the SSN-AUKUS design with vessels built in Adelaide and due to enter service in the 2040s.The plan forecasts the delivery of a new SSN-AUKUS every two years and assumes all are built in Adelaide, but the government is not ruling out buying the first of this fleet from the UK, depending on the strategic outlook.
Albanese will set out a deadline for the Adelaide shipbuilding project that is in line with Morrison’s assurance that Australia would build its own submarines for delivery during the 2040s, a target that triggered argument over whether it would take too long to replace the Collins-class fleet, which are powered by diesel-electric engines and entered service from 1996.
Albanese has preciously named Adelaide and Western Australia as two locations that would win work from the AUKUS project. The government estimate for the decade to 2033 ranges from $50 billion to $58 billion and could include some of the cost of buying the first Virginia-class vessels in the next decade.
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