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10:49 AM, April 26, 2016
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DCNS To Begin Design Of Australian Submarines This Year
Shortfin Barracuda Submarine (Image: DCNS)

DCNS will begin designs of the Australian Future Submarine after the discussions on cost this year.

The Australian Government selected DCNS as its preferred international partner for the design of 12 Future submarines for the Royal Australian Navy Tuesday.

The announcement was made by the Australian Prime Minister Malcolm Turnbull, the Minister for Defence, Senator Marise Payne, The Minister for Industry, Innovation and Science, the Hon. Christopher Pyne and The Chief of Navy, Vice Admiral Tim Barrett, the company said in a statement.

The Australian Government stated, “The decision was driven by DCNS’s ability to best meet all of the Australian Government’s requirements. These included superior sensor performance and stealth characteristics, as well as range and endurance similar to the Collins Class submarine. The Government’s considerations also included cost, schedule, program execution, through-life support and Australian industry involvement.”

Australia will get to possess the new Barracuda-class submarines which will be built to Australian specifications for a conventional, non-nuclear powered submarine in 8-10 years from the signing of the contract.

The submarines will cost $20billion to build and $30billion to maintain over their expected lifetime of 30 years.

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