Business
The French defence firm tasked with building a new fleet of submarines in Adelaide has invited Australian manufacturers to bid to produce specialised parts in a package it says will generate hundreds of jobs and cost up to $900m.
News
UPDATED | Concern around sovereign capability in the delivery of the Future Submarines program is a “ticking bomb”, the State Government has declared, after French designer DCNS designated itself the sole builder of the lucrative project, with no role for the SA-based Commonwealth-owned ASC.
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The Weatherill Government has stepped up a campaign to secure another key piece of infrastructure associated with the $50 billion future submarines contract, with Defence Industries Minister Martin Hamilton-Smith demanding a submarine design centre be built in Adelaide.
Adelaide shipbuilder ASC is shedding a further 175 jobs as the Air Warfare Destroyer project winds down.
The Committee for Adelaide, a think tank formed in 2013 to generate ideas to grow the state and city economy, is hunting for its first full-time CEO.
Fifty billion dollars could fund the national disability insurance scheme for a couple of years, pay for hospitals, schools, thousands of kilometres of new roads, fix the Great Barrier Reef – or buy a dozen French submarines.
