A $700 million contract to design the weapons system for the Navy’s fleet of 12 new submarines will create 200 jobs mostly in SA, the Federal Government says.
The Australian arm of defence giant Lockheed Martin was awarded the work in 2016, after it was preferred to US rival Raytheon.
That came months after French company DCNS won the long-anticipated $50 billion future submarines contract to build the new vessels, which will replace the Navy’s ageing Collins Class fleet.
The Federal Government said the latest contract with Lockheed Martin Australia sets out the terms of the project, including the $700 million price tag.
Defence Industry Minister Christopher Pyne said Lockheed Martin’s involvement would integrate torpedo capacity into the new submarine model, “once that starts being built in 2022”.
Lees verder op abc.net.au