Over the next 20 years the Australian government will invest more than A$89 billion (US$65.3 billion) in ships and submarines for the Royal Australian Navy. This critical investment will generate significant economic growth and sustain several thousand Australian jobs over decades, and is a key part of the government's commitment to a safe and secure Australia. The Prime Minister and Minister for Defence said the Australian government "will implement a continuous build of surface warships in Australia." This means that Australia's shipbuilding workforce will build the Royal Australian Navy's 'Future Frigates' and next generation of offshore patrol vessels. "This is the first time that any Australian government has committed to a permanent naval shipbuilding industry," they said, noting that the strategy "will transform Australia's naval shipbuilding industry and put it onto a sustainable long-term path, giving the workforce certainty into the future."
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