Australian industry will benefit with thousands of jobs bankrolled from a nuclear submarine deal worth hundreds of billions of dollars.
Treasurer Jim Chalmers said the large amount of money to acquire eight-nuclear powered submarines would be an investment in Australia's future.
"This is a game-changing investment. It will be worth every cent ... when it comes to our national security, our national economy," Dr Chalmers said from the HMAS Stirling naval base in Western Australia.