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Thursday, September 22, 2011

Submarine program worth $70 billion

Collins class submarinesThe replacement submarine project could be worth up to $70 billion to South Australia, Defence Industries Minister Kevin Foley claims.

He told The Advertiser yesterday it would be worth much more than the $20 billion Olympic Dam mine expansion.

The Federal Government has said it wants to build up to 12 new submarines to replace the ageing Collins class and that they will be built in SA at the new Techport facility.

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