Naval Group inks $605m Submarine Design Contract 

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Image credit: www.defence.gov.au

The Department of Defence has announced signing of the Submarine Designed Contract between the Commonwealth and Naval Group, less than a month after the signing of the Strategic Partnering Agreement (SPA) and just days after the signing of the Framework Agreement between Naval Group Australia and ASC.

Defence Minister Christopher Pyne said the contract is part of the $50 billion investment in the Attack class outlined in the 2016 Integrated Investment Program.

“The detailed architecture for the hull, including the placement of main systems, will be developed under this key contract,” Minister Pyne explained.

“It’s great to see our Attack class submarines well and truly taking shape.”

Minister for Defence Industry, Linda Reynolds, said the Submarine Design Contract is valued at $605 million, with design work to progress through to 2021.

“The timeframe for the Submarine Design Contract takes into account the detailed design work required, ensuring we have a mature design which avoids costly rework,” Minister Reynolds said.

“This will help deliver a sovereign, regionally superior submarine capability, which will be built, operated and sustained in Australia.”

Image credit: www.defence.gov.au
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