Australia's $66 billion shipbuilding plan will produce nine frigates and 12 offshore patrol vessels, as well as a dozen new submarines. - AFP
Sydney (AFP) - Australia revealed details of a massive shipbuilding strategy Tuesday, its largest peacetime naval investment, with plans to construct dozens of new submarines and frigates to shore up its defence capabilities.
Prime Minister Malcolm Turnbull said the Aus$89 billion (US$66 billion) package -- first flagged in 2015 to replace its ageing fleets -- would boost local industry, with up to 5,000 jobs created in shipbuilding directly and double that in the supply chain.
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