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Navy/USMC

Australia’s New Submarine Industry Strategy Plans For $19 Billion Domestic Investment

Monday, March 10th, 2025

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AUKUS logo (Image: Australia Department of Defense)

The Australian government on Friday released a new document setting out its vision for the future submarine industrial base, including planning for about $19 billion needed to prepare the domestic industrial base to support submarine programs and ultimately build AUKUS nuclear-powered attack submarines (SSNs). Australia's acquisition of SSN capabilities is “one of the most consequential endeavors undertaken in our nation’s history…Developing the ability to build, sustain and operate conventionally-armed, nuclear-powered submarines is also one of the most significant industrial undertakings…

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