AFP
The incentive for Submarine Program

The incentive for Submarine Program August 19, 2019

Lockheed Martin Australia has announced that it will finance research and development (R & D) solutions for Attack Class Submarines. Lockheed Martin officials said that each of the projects expected to include new methods and technologies for Australia's Assault Class Submarine. Successful applicants will receive seed grants of $75,000 each. Participants can apply in a total of eight separate areas. The first round of R&D grants saw more than $900,000 allocated to industry and academic institutions in March 2019.

“The Attack Class Submarine Program represents a long-term, multimillion-dollar investment in the future defence and security of our nation. Today’s announcement is one more step towards helping to ensure Australia has the technology and skills to deliver and maintain a regionally superior submarine fleet,” Interim Lockheed Martin Chief Executive, Scott Thompson, said.

Submissions are due by 2 September 2019.

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