The Federal Government has committed to extending the life of all six Collins class submarines and to retain full cycle docking of the fleet at Osborne, South Australia.
The decision was confirmed by South Australian Premier Steven Marshall last week.
The life-of-type extension program will update key equipment on the submarine, including the propulsion systems, diesel motors, generators, power conversion and distribution systems, along with a range of hull assessments and upgrades.
"ASC will continue to ensure the Navy is equipped with an agile and potent submarine capability as we perform the life-of-type extensions, starting with HMAS Farncomb in 2026," ASC’s Managing Director and Chief Executive Officer Stuart Whiley said.
"Central to the success of the full-cycle docking and life-of-type extension program is the commitment of ASC’s workforce, which includes Australia’s leading submarine platform engineers, trades and professionals.
"We are working closely with Defence as well as our supply chains and international partners to deliver on the Royal Australian Navy’s requirements for leading-edge capability."
ASC says it also welcomes the Government’s announcement to work with the UK and US over the next 18 months to identify the optimal pathway to deliver nuclear-powered submarines for Australia.
"ASC will continue to be Australia’s source of sovereign submarine industrial expertise and will work with the Government to support train and grow the workforce needed to build Australia’s nuclear-powered submarines," the company said.