Finance

Detection tech could render submarines useless by 2050


Speaking at a summit in San Diego on Monday, Prime Minister Anthony Albanese has announced a decades-long strategy to deliver the most costly defense project in Australia’s history.

New details of the AUKUS defense and security pact have revealed Australia will buy three second-hand US Virginia-class submarines early next decade (and potentially two more), subject to approval by US Congress.

Australia will also build a fleet of eight nuclear-powered SSN-AUKUS boats at Adelaide’s Osborne Naval Shipyard. The first will be delivered by 2042, with five completed by the 2050s, and construction of the remaining three going into the 2060s.



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