The estimated cost of Australias future submarine program has hit nearly 90bn — a rise of nearly 10bn in just five months. It aims to deliver Australia a regionally superior submarine capability, which will be built, operated and sustained by Australia. The Columbia-class submarine, formerly known as the Ohio Replacement Submarine and SSBN-X Future Follow-on Submarine, is an upcoming class of nuclear submarines designed to replace the Ohio-class ballistic missile submarines in the United States Navy. The U.S. Navy plans to develop two new classes of submarine, according to congressional analysis of the sea service’s shipbuilding plan for 2019. Identified in the 2009 Defence White Paper, the SEA 1000 Future Submarine Project seeks to acquire an increased and enhanced submarine capability that will provide the Australian Defence Force with a potent submarine capability beyond the planned withdrawal date of the Collins Class submarines. The Defence Department insists that it hasn’t. 3.29 In November 2019, Defence advised the Senate that the acquisition cost of the Future Submarine was ‘in the order of $80 billion out-turned’, with an estimated sustainment cost of $145 billion out-turned to 2080.

This will involve maximising the involvement of Australian industry in all phases of the Program without compromising capability, cost, schedule or risk.

The Future Submarine Program (FSP) is the largest and most complex capability acquisition program in Australia’s history. Future Submarine Program. If correct, those numbers, when combined with the costs of the future frigate program, will soon start to cause significant problems for the rest of Defence’s investment portfolio. The Program seeks to establish the Australian industrial capability necessary to support the build, operation and sustainment of the Future Submarine. As speculation mounts on the cost of both the acquisition and sustainment of the Future Submarine project, with estimates ranging from $100 billion to $200 billion, Defence has been warned to bette November 29, 2019 — 12.46pm. Auditor-General Report No.22 2019–20 Future Submarine Program —Transition to Design At a reported cost in the order of $80 billion, the design and construction of the … The budget office predicted each Large Payload Submarine would come with a whopping $7.7-billion price tag. The new vessels will need to enter service by the early-to-mid 2030s in order to replace the ageing Collins Class submarines. A figure described inaccurately is being blamed for an apparent dramatic cost increase on Australia's most expensive defence project in history, the $50 billion Future Submarine program. Future Submarine Program The Program seeks to establish the Australian industrial capability necessary to support the build, operation and sustainment of the Future Submarine. This will involve maximising the involvement of Australian industry in all phases of the Program without unduly compromising capability, cost or schedule. Designing and building SSN(X)s instead could cost $5.5 billion per sub, according to the CBO. Australia's $80 billion Future Submarine Program is "dangerously off track" according to a new report that urges the government to ditch the controversial project and consider a nuclear option. The program therefore seeks to ensure that the Australian industrial capability necessary to support the build, operation and sustainment of the Future Submarine is established. Figure 1: Future submarine program annual spend, 2014–15 to 2022–23 That’s a lot of money to spend every year. Australian Strategic Policy Institute senior analyst Marcus Hellyer, who had previously estimated construction would cost $79 billion, said the total price of the future submarine program … Adding cost makes it harder for the Navy to, for example, boost submarine production rates in order to address the coming attack-boat shortfall.

The first submarine is scheduled to begin construction in 2021 and enter service in 2031.

The estimated cost of Australia’s future submarine program has hit nearly $90bn — a rise of nearly $10bn in just five months. The Future Submarine program has also been the subject of high level talks between Australia and the United States.

Submarine fleet tipped to cost $225b to build and maintain. This will involve maximising the involvement of Australian industry in all phases of the Program without compromising capability, cost… ... said the total price of the future submarine program was not surprising.

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