The Australian Government is laying the foundations for an Australian-wide naval shipbuilding enterprise, ending the boom-bust cycle that has afflicted the Australian naval shipbuilding and sustainment industry. This will provide certainty to local businesses and shipbuilding workers.

Modernisation of our naval forces is a complex, national endeavour aimed at building and sustaining Australia’s naval capabilities, creating economic growth through maximising Australian industry involvement, and securing Australian jobs for future generations.

The Government will invest:

• around $90 billion in new naval ships and submarines;
• more than $1 billion in modern shipyard infrastructure; and
• more than $25 million in workforce growth and skilling initiatives to enable the delivery of these platforms.

Four key enablers are required to implement the Government’s Naval Shipbuilding Plan:

• modern, innovative and secure naval shipbuilding infrastructure;
• workforce growth and development;
• a sustainable and cost-competitive Australian industrial base; and
• a national collaborative approach.

Success will see the realisation of the significant strategic, economic and employment advantages to Australia that a national naval shipbuilding and sustainment capability can bring.