The construction of new nuclear-powered submarines in Australia and the associated naval base expansions is set to boost local businesses and jobs for decades.
Nuclear subs to create thousands of Australian jobs
Australian industry will benefit with thousands of jobs bankrolled from a nuclear submarine deal worth hundreds of billions of dollars.
Prime Minister Anthony Albanese has unveiled the nation’s plan to acquire eight-nuclear powered submarines alongside his US and UK counterparts.
The plan includes buying three US Virginia-class vessels during the 2030s before a new AUKUS class comes into construction late next decade.
The first of the new-generation subs will be built in the UK before Australia receives its first of the boats in around 2042.