AUKUS Forum : Multi-billion dollar funding for AUKUS submarines

Following recent talks with President Trump, the Prime Minister today announced a new cash injection in a $30 billion shipyard that will build Australia’s nuclear submarines.

The federal government says 5500 jobs will be created at the shipyard, with thousands more indirect roles stemming from the shipyard’s construction programs.

“This is a driver of not just of national security and how were going to defend our nation into the future,” Albanese said.

“It’s also a driver of our economic prosperity, as well as making such an enormous difference to some of the apprentices that we’ve met here today.”

Speaking alongside the prime minister, Defence Industry Minister Pat Conroy said the Adelaide shipyard would be the only in the southern hemisphere capable of constructing nuclear-powered submarines.