Lockheed Martin Australia has agreed a $700 million contract for the Future Submarine Program, which will create 200 Australian jobs.
The project, which will take place for the main part in South Australia, will continue to 2022 and includes the design of the Combat System and procurement activities to select subsystem and component suppliers.
“These are high tech jobs of the future, the jobs the Turnbull Government has committed to creating as part of our historic $200 billion defence investment over the next decade. There will be many more to come,” said Defence Industry minister Christopher Pyne.
“The Future Submarine Program remains on time and on budget, further demonstrated by this milestone event.”
Lockheed Martin Australia was selected as the Future Submarine Combat System Integrator in September 2016.
The company has worked with the Australian Defence Force to successfully complete initial design work for program under an contract signed in November the same year.
“This Future Submarine Combat System Design, Build and Integration Contract is another example of the Turnbull Government’s commitment to Australia’s defence industry, and an on‑schedule achievement in the delivery of Australia’s future naval shipbuilding capability,” Pyne added.