Australia to spend $90B for 12 Attack-class Submarines
Australia’s ambitious project to jointly build 12 Attack-class submarines with the France is now estimated to cost nearly $90 billion, up by 12% (or $10 billion) in five months.
The forecast doesn’t include the whole-of-life cost of about $145 billion of sustaining the boats. Prices calculated in 2016-17 have been revised according to present exchange rates and inflation calculations amounting to around $89.7 billion, The Australian reported citing defence ministry on Tuesday.
The first Attack class submarine, to be named HMAS Attack, will be delivered to the Navy in the early 2030s.
Australia; Submarine program budget hike.