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The Strategic Update sets out the challenges in Australia’s strategic environment and their implications for Defence planning. It provides a new strategic policy framework to ensure Australia is able – and is understood as willing – to deploy military power to shape our environment, deter actions against our interests and, when required, respond with military force.

The Force Structure Plan includes plans for the acquisition or upgrade of up to 23 different classes of Navy and Army maritime vessels with investment of approximately $50 billion over the decade 2020-30 and up to $137 billion over the period 2020-40.

In total, this represents a plan to invest between $168 – $183 billion out to the completion of the Attack class submarine build in the 2050s.

This is a truly national endeavor involving all States and Territories, industry, science and technology, and the education and training sectors.

Detail on opportunities for Australia’s shipbuilding industry arising from this plan will be included in an update to the Naval Shipbuilding Plan.