Port defence suppliers look to diversity in wake of uncertainty over submarine projects

DEFENCE suppliers in the Port need to look at growth potential in the energy sector to cushion uncertainty over offshore submarine productions, local companies say. It comes as the Federal Government last week backed away from a promise to build 12 new submarines in Port Adelaide to reconsider its defence project options, which include buying vessels made or designed overseas. The future of more than 15,000 defence sector supply jobs remain in limbo due to the decision but suppliers contacted by the Portside Messenger this week said gas, water, and large-scale building projects provided opportunities. Simon Kennedy, owner of Port[…]

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