SA companies set to compete for lucrative subs work

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DCNS, the Australian Government’s preferred international partner for the design of 12 Future Submarines, is holding a high level Future Submarine Industry Briefing at the Adelaide Entertainment Centre.

Defence Industries Minister Martin Hamilton-Smith said the briefing will cover opportunities available in the program, providing South Australian companies with valuable insights on how to enter the Future Submarine supply chain.

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“Now is not the time to rest on our laurels. There is a significant body of work on the near, medium and far horizons for our state’s industries and the next 18-30 months will define how local industry can benefit from the next two to three decades,” the Minister said.

“The Government is doing everything possible to maximise South Australian industry involvement in the programs. Our role is to support companies who are already in South Australia and encourage others to invest here.”

He said the event was part of a national program to engage companies, as well as R&D and educational institutions across Australia.

“DCNS is doing great work with Australian industry to maximise opportunities for local industry in the Future Submarine program,” Mr Hamilton-Smith added.

“This is a program that will further transition South Australia’s economy towards its high-tech advanced manufacturing future and in order to realise the full economic benefits of the program, local industry must be engaged in the supply chain.”

DCNS was selected as the Australian Government’s preferred international partner for the design of 12 Future Submarines in April 2016, with Techport Australia the confirmed build location for the program.

The company estimates that the submarines project – worth approximately $50 billion – will create 2,900 direct jobs in South Australia, 1,700 of which at ASC, 100 at DCNS’s office, 600 jobs in the supply chain and 500 jobs in combat system integration.