Naval Today
  • Vessels
  • Equipment & Technology
  • Operations
  • Capital Investments
  • Authorities
  • More news
JobsNewsletter
Naval Today logo

Your trusted source for naval and maritime news, part of the Navingo network.

Topics
  • Equipment & technology
  • Industry
  • Vessels
  • Operations
  • Training & Education
Network
  • Dredging Today
  • NavalToday
  • Offshore Energy
  • Offshore Wind
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report Your News
  • Privacy Policy

© 2026 Navingo. All rights reserved.

Home›Funding›ANAO backs Australia’s Future Submarine acquisition
Funding

April 28, 2017 · about 9 years ago

ANAO backs Australia’s Future Submarine acquisition

A report on the Australian government’s handling of the Future Submarine acquisition was complimented by the Australian National Audit Office (ANAO) in a report released on April 27. Commenting on the report, Australia’s Minister for Defence Industry said the ANAO has independently verified that the

2 minutes read
  • LinkedIn
  • X
  • Email

A report on the Australian government’s handling of the Future Submarine acquisition was complimented by the Australian National Audit Office (ANAO) in a report released on April 27.

Commenting on the report, Australia’s Minister for Defence Industry said the ANAO has independently verified that the competitive evaluation process to select an international partner for the Future Submarine Program was effectively designed and implemented.

“The ANAO’s findings clearly demonstrate that the Competitive Evaluation Process was a fit-for-purpose process and was effectively implemented by Defence,” Minister Christopher Pyne said.

On 26 April 2016, the Australian government announced that DCNS had been selected as Australia’s international partner for the construction of 12 new submarines. The new submarines are to replace Australia’s current six Collins-class submarines, first of which is set to retire in 2026.

While being overall complimentary, the report noted that the choice of a single partner for work on the concept and preliminary design phase carried certain risks. According to ANAO, selecting one partner for the design phase “removes competition in the design phase, and removes incentives for the international partner (DCNS) to produce a more economical and efficient build.”

“This places the onus on Defence to ensure that its approach to the Future Submarine’s design and build phases, where final costs and schedules will be determined, returns value-for-money to the Commonwealth in the absence of a competitive process,” the report further said.

According to the government, design of the Future Submarine will continue until 2026 while the construction is expected to start in 2022–23 once 85 per cent of the design is completed.

All three participants of the competitive evaluation process, French DCNS, German TKMS and the Japanese government, received around AU$8 million for their participation, the report revealed.

Reach the Naval Today industry in one go!

Naval Today is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Naval Today on:

Filed under

FundingAuthoritiesVesselsSubmarinesBusiness & Finance

Daily news in your mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1Hanwha Ocean boosts naval shipbuilding collaboration with US partners
  2. 2Japan’s OKI to supply towed passive sonar for Australia’s Mogami-based frigate fleet
  3. 3AUKUS partners test next-gen underwater surveillance tech
  4. 4Australia's Bisalloy to supply steel for US Navy Virginia-class submarines

Related articles

HydroSurv
USV

Canada and UK firms join forces to expand autonomous vessel operations in North America

1 day ago

AUKUS
Funding

Australia invests another $4.6 billion in AUKUS submarine construction yard

1 day ago

Daily news in your mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free

Related news

HydroSurv
USV

Canada and UK firms join forces to expand autonomous vessel operations in North America

1 day ago
AUKUS
Funding

Australia invests another $4.6 billion in AUKUS submarine construction yard

1 day ago