Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The answer to the honourable senator's question is as follows:

Noting that a Government decision on the extent and timing of future submarines has not yet been finalised, some preparatory activities related to possible future submarine work have been undertaken. For example, Deep Blue Tech (DBT) - a wholly owned subsidiary of ASC - was established in 2007 to conduct research and develop concepts for Australia's SEA 1000 Future Submarine project.