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AUSTRALIAN SUBMARINE CORP WINS COLLINS CLASS SUBS REFIT CONTRACT.

AsiaPulse News

| October 16, 2001 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ADELAIDE, Oct 16 Asia Pulse - South Australia's Australian Submarine Corporation (ASC) has won a $A2.5 billion ($US1.29 billion) government contract to refit the Collins Class submarines.

Prime Minister John Howard said today that ASC was chosen for the work because it had built the six submarines in the first place and all facilities are already in place.

The contract will be worth $420 million over the next seven years and $2.5 billion over the life of the vessels.

"This is very important for South Australia, it's where the contract ought to go because the infrastructure and the facilities and everything are here right now and it makes sense that…

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