none
none

$500 MILLION SUBMARINES LOCKED IN

04-10-2016
by 
in 

Minister for Defence Industry Christopher Pyne has announced that the Australian government has signed a contract with the DCNS for the design and mobilization of 12 Australian military submarines.

This contract is worth from $450-$500 million AUD. Preparations have begun for DCNS to open an office in Adelaide, where the design and construction will begin.

“Infrastructure will start being built in 2017, this means jobs for Australians and South Australians. It means that the planning for all of those things can begin in earnest, and we are essentially a month ahead of schedule,” said Mr Pyne.

This announcement was coupled with the news that Lockheed Martin Australia has won the tender for a combat system integration role within the submarine program, ensuring a contract worth approximately $1.4 billion AUD.

“Practically, that means 200 Lockheed Martin Australian workers – technicians, engineers, scientists, mathematicians, and specialists – here in Adelaide,” said Pyne.

This announcement ensures that the promises made by the Department of Defence Industry are being kept to, producing economic flow and jobs for Australia.

"The Turnbull Government's strong preference to ensure maximum Australian industry involvement in the submarine's design is an essential enabler for future construction and support phases of the program,” said Ai Group Chief Executive, Innes Willox.

"Today's announcement offers certainty to Australia's defence industry that the Turnbull Government is fair dinkum about its commitment to a healthy and vibrant advanced submarine industry in our nation.”

Related news & editorials

  1. DrumBlaster in use
    12.12.2017
    12.12.2017
    by      In
    An Australian innovation is starting to garner success at home and abroad, with increasing numbers of export orders for DrumBlaster. The company’s innovative buildup control technology system virtually eliminates residual concrete buildup in ready mix truck drums.
    “It is gratifying that after five... Read More
  2. 12.12.2017
    12.12.2017
    by      In
    A major new research centre aims to transform Australia's automotive industry by developing new lightweight materials and manufacturing technologies, making cars more fuel-efficient and reducing carbon dioxide emissions.
    The ARC Training Centre in Lightweight Automotive Structures (ATLAS) has been... Read More
  3. 12.12.2017
    12.12.2017
    by      In
    South Australia has rated in the world’s top three places to explore for oil and gas in a newly released global survey by the Fraser Institute in Canada.
    The respected public policy think tank asks petroleum industry executives each year for their views about barriers to investment in jurisdictions... Read More
  4. 12.12.2017
    12.12.2017
    by      In
    Mineral explorers and researchers from around the world will gain an unprecedented look at rocks from deep below the world-famous Nullarbor Plain.
    The Geological Survey of South Australia (GSSA ) will display 12 trays of drill core rom the South Australian Government’s $3 million PACE Copper... Read More