Australia's two most expensive defence projects are facing more delays due to the COVID-19 pandemic. A parliamentary committee has been told a key milestone on the Future Submarine program has been pushed back, and the eventual cost of building the new fleet could reach $90 billion. Meanwhile, Australia's next batch of Joint Strike Fighter aircraft could also be delayed after US defence company Lockheed Martin foreshadowed a production slowdown for three months due to the coronavirus impact.
"In response to COVID-19 F-35 supplier delays, Lockheed Martin is taking proactive measures to mitigate impacts and position the program for the fastest possible recovery," a company spokesperson told the ABC.
"The corporation is tapering its production rate over a three-month period, temporarily adjusting the work schedules for the F-35 production workforce in Fort Worth, Texas, and continuing to accelerate payments to small and vulnerable suppliers"....MORE