The defence deal will be the biggest in Australian history but the first locally made nuclear submarines will not be delivered until the early 2040s.
Australia will spend up to $368 billion over the next three decades to buy, build, operate and maintain a fleet ofto counter the threat posed by Chinese militarisation in the Indo-Pacific.
With the purchase of at least three US submarines as a stopgap in the early 2030s, Australia and Britain will co-develop a new class of submarine, to be known as the SSN AUKUS, that will be the long-term solution for the navy. Once the first submarine is finished, navy chiefs expect subsequent vessels to be delivered every two years. Ultimately, the size of the Australia’s nuclear-powered fleet will reach eight submarines.
Over the next 10 years, the government estimates it will spend $50-$58 billion on the submarine program, more than double what the French designed submarine was going to cost.
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