But experts say it will mean a decades-long and "devilishly tricky" quest. Here are some key challenges Canberra faces as it tries to transform its military and get the boats in the water:
ustralia's plan to develop a fleet of stealthy nuclear-powered submarines may be what Prime Minister Anthony Albanese called the biggest single military investment in the country's history.
But experts say it will mean a decades-long and "devilishly tricky" quest. Here are some key challenges Canberra faces as it tries to transform its military and get the boats in the water:
Politics
For more than a decade, Australia has seen a new fleet of submarines as key to solving the riddle of safeguarding 34,000 kilometres (21,000 miles) of coastline and deterring would-be foes.
But after consecutive governments spent billions of dollars eyeing Japanese, German, French and other vessels to replace its ageing Collins-class fleet, Canberra started 2023 with nothing.
Whether this Australia-UK-US project brings concrete results will depend in part on political will, said David Andrews, a military strategy analyst at the Australian National University.
"It's three governments -- and many terms of government into the future before some of these things are actually delivered," he told AFP. "That's not unreasonable -- but we need to go into this with our eyes open."
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