Australia Awards AUD29.3 Million Contract to Lockheed Martin for Virginia-Class Submarine Systems
Lockheed Martin Australia secures a AUD29.3 million contract for combat systems integration for the Royal Australian Navy's Virginia-class submarines. This contract aims to enhance local workforce capabilities and involve Australian suppliers in the Virginia-class supply chain.
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The Australian Submarine Agency has engaged Lockheed Martin Australia for a multi-year contract valued at AUD29.3 million (USD20.7 million). This collaboration focuses on combat systems integration for the Royal Australian Navy's future Virginia-class submarines.
Under the AUKUS agreement, Australia will acquire three second-hand Virginia-class submarines from the US Navy, with the first expected delivery in the early 2030s. Lockheed Martin will facilitate technology transfers and assess Australia's supply-chain needs, fostering opportunities for Australian suppliers. The partnership is anticipated to enhance Australia’s workforce and industrial capabilities, contributing to regional stability.
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