Overview
- The Geelong Treaty commits Australia and the UK to a 50-year partnership to design, build, operate, sustain and dispose of SSN-AUKUS nuclear-powered submarines.
- Australia will contribute A$5 billion to British industry for reactor design and production while both nations develop domestic infrastructure, workforce training and regulatory systems.
- The agreement is expected to secure tens of thousands of high-skilled jobs and generate up to £20 billion in UK exports over the next 25 years.
- Under AUKUS, Australia will acquire at least three US Virginia-class submarines in the early 2030s before co-building its own SSN-AUKUS vessels in the early 2040s.
- The bilateral treaty was finalised as the Trump administration reviews the broader AUKUS pact to assess its alignment with the America First agenda.