Australian Submarine Corporation Pty Ltd
ASC
1985 – 1 October 2004
Renamed ASC Pty Ltd in 2004.
Company formed to build the Collins-class submarines at Osborne in Adelaide; initially a consortium in which the Commonwealth held an interest through the Australian Industry Development Corporation, it became wholly Commonwealth-owned in 2000.
Names over time
- Australian Submarine Corporation Pty Ltd1985–2004
- ASC Pty Ltd2004–present
How it came into existence
Incorporated in 1985 (ACN 008 605 034) as a joint venture of Kockums of Sweden, Chicago Bridge & Iron, Wormald International and the Commonwealth's Australian Industry Development Corporation to bid for the Navy's new submarine project.
Changes during its life
- June 1987Signed the Commonwealth contract to design and build six Collins-class submarines.
- 2000Became wholly owned by the Commonwealth after the government bought out the remaining private shareholding, including that of Kockums.
How it ended
Renamed ASC Pty Ltd on 1 October 2004, continuing as the same Commonwealth-owned company and submarine builder and sustainer.
Main functions
- Construction of six Collins-class submarines
- Submarine maintenance and sustainment
- Operation of the Osborne submarine facility
Where it sits
Last in the portfolio of Department of Finance and Administration.
Lineage
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Sources
Other sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.