The Royal Australian Navy is slated to receive a new air transportable submarine rescue service capability under a contract with the Australia office of US-based Phoenix International.
Australian defence minister Christopher Pyne said the service will be based in Western Australia and will support both the Collins-class and Attack-class submarines for the next 25 plus years.
The submarine rescue system will be accepted into operational service in 2022 and will be one of only four air transportable systems in the world.
The system will also be road transportable and capable of being deployed on a range of vessels, Mr Pyne added.