There was a “major moment” for Australia’s national security as Prime Minister Anthony Albanese and his British counterpart Rishi Sunak, as well as US President Joe Biden, announced the plan for nuclear submarines.
“The cost, up to $368 billion by 2055 to build a fleet of eight nuclear-powered submarines,” Ms Markson said.
“It’s the most expensive defence project in our history, with three phases over the next two decades.” Ms Markson said in the early 2030s, Australia will buy three American Virginia-class submarines, with an option to buy another two. “Later in the 2020s, Australia and Britain will start building a new class of submarine called SSN-AUKUS – it’s British-designed with American weapons systems, and five of these should be ready by 2055.”
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