The corporation's construction building on the Port River

The ASC, formerly Australian Submarine Corporation, is a wholly government-owned Australian naval defence company headquartered at Osborne in Adelaide, South Australia.

[edit] History

The Australian Submarine Corporation was created when Kockums (designer of the Collins class submarine) became part of a joint venture with the Australian branch of Chicago Bridge & Iron, Wormalds International, and the Australian Industry Development Corporation to construct the six vessels.^[1]

The ASC construction facility was established on previously undeveloped land on the bank of the Port River, at Port Adelaide, South Australia.^[2] Work on the site began on 29 June 1987, and it was opened in November 1989.^[2][3] South Australia had been selected as the site of the construction facility based on the proposed location of the facility and promises by the State Government to help minimise any problems caused by workers unions.^[4]

By the end of 1990, Chicago Bridge & Iron and Wormalds International had both sold their shares in ASC.^[5] The shares were bought up by Kockums and the Australian Industry Development Corporation, with some of Kockums' shares then sold to James Hardie Industries to maintain an Australian majority ownership of the company.^[5] On 5 April 2000, the shares in ASC held by Kockums were bought out and the company was nationalised, despite a trend by John Howard's Coalition government towards privatisation of government-owned companies.^[6]

[edit] Products

ASC rose to prominence in 1987 when it was contracted by the Australian Government to design and manufacture a fleet of six Collins class submarines for the Royal Australian Navy (RAN)^[7] in what was the largest defence contract ever signed in Australia. Although the submarine project was marred with difficulties throughout the 1990s, upon completion the Collins class were hailed as the most advanced diesel-electric submarines in the world. ASC maintains the six Collins class submarines for their operational lifespans under a AU$3.5 billion contract with RAN.^[8]

In 2005, the company was selected by the Australian Government, ahead of two other bidders, as the preferred shipbuilder for three new AEGIS-based Australian air warfare destroyers (AWD) under the Sea 4000 project. The AWDs are scheduled for to begin service introduction in 2013.^[9] It is expected that ASC will also build the submarines which are being planned to replace the Collins class, when they reach their expected retirement in 2025.^[10]

[edit] Notes

[edit] References

• Jones, Peter (2001). "A Period of Change and Uncertainty". in Stevens, David. The Royal Australian Navy. The Australian Centenary History of Defence. III. South Melbourne, VIC: Oxford University Press. ISBN 0195555422. OCLC 50418095. 
• Yule, Peter; Woolner, Derek (2008) (Google Books). The Collins Class Submarine Story: Steel, Spies and Spin. Port Melbourne, VIC: Cambridge University Press. ISBN 9780521868945. OCLC 213111359. http://books.google.com/books?id=qZ-WlswoHFwC. Retrieved 1 May 2009. 

[edit] External links

• ASC Website