Australia to benefit from Naval Shipbuilding Plan for generations to come

CANBERRA, Australia, May 16, 2017 – Defence and technology leader Lockheed Martin Australia has acknowledged Australia’s first Naval Shipbuilding Plan as a significant commitment that will ensure future generations benefit from a sustainable naval shipbuilding and sustainment sector.

Lockheed Martin Australia invests in partnerships with local industry to deliver innovative maritime technologies that contribute to the security of Australia, including the Lockheed Martin Aegis Combat System installed in Australia’s Hobart-class destroyers, and the responsibility to integrate the combat system of Australia’s future submarines.

The Naval Shipbuilding Plan, announced by the Government today, consolidates the rolling acquisition of Australia’s new future submarines and the continuous build of major ships such as future frigates, as well as minor naval vessels, with significant new investment to develop critical infrastructure and capabilities locally.

Lockheed Martin Australia Chief Executive, Vince Di Pietro AM CSC, said the Naval Shipbuilding Plan, along with identification of industry in the 2016 Defence White Paper as a fundamental input to capability, are strong and welcome signals to industry and key to shaping future investment in Australia.

“The significant investment by the Government outlined in the Naval Shipbuilding Plan will help to ensure a sustainable approach to the future of Australia’s defence industry capability, particularly within the maritime domain, for many decades to come,” he said.

“This announcement, coupled with the 2016 Defence White Paper, further reinforces the Government’s commitment to, and confidence in, Australia’s defence industry as a fundamental input to capability.”

Mr Di Pietro said the Naval Shipbuilding Plan’s emphasis on building a sustainable industry aligned with Lockheed Martin Australia’s preferred approach to engaging local supplier partners.

“As a global defence industry leader, Lockheed Martin has been proudly partnering with local industry on leading edge concepts and technology for over 70 years,” he said.

“By supporting sustainable industry development through investment in capability, we are committed to growing our Australian supplier base to develop the world-class competencies necessary to fulfil Australia’s defence capability needs, and the needs of our many customers around the world.”
About Lockheed Martin Australia

Headquartered in Canberra, Lockheed Martin Australia is a wholly-owned subsidiary of Lockheed Martin Corporation. Lockheed Martin Australia and its related entities employ more than 800 people in Australia and New Zealand working on a wide range of major programs spanning the aerospace, defence, maritime and civil sector.