Thousands of South Australian jobs have been secured after a $35 billion deal was signed with BAE Systems to build Future Frigates.

The deal is expected to create 1,500 jobs at the ASC’s Osborne plant, which will become a BAE subsidiary under the deal.

On Friday, PM Malcolm Turnbull said:

“This $35 billion program will create 4000 Australian jobs right around the country and create unprecedented local and global opportunities for businesses large and small.

“BAE has prequalified over 500 Australian businesses (including 100 in SA) from every state and territory to be in the Hunter class supply chain.

“The Hunter class will be one of the most capable warships in the world.

“The Hunter class will have the capability to conduct a variety of missions independently, or as part of a task group, with sufficient range and endurance to operate effectively throughout the region.

“The frigates will also have the flexibility to support non-warfare roles such as humanitarian assistance and disaster relief.”