Progress On Tripartite AUKUS Agreement

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This December 2024 ASC Board Performance Report documents progress on the tripartite AUKUS submarine (SSN AUKUS) build involving Australian Submarine Corporation (ASC) and BAE Systems (BAES). Key contractual milestones were executed in November-December 2024: the Enterprise Collaboration Deed and Mobilisation Deed (13 November), followed by the Tasking Statement (16 December), establishing formal contracts tied to a Joint Statement of Work with agreed milestones. Both shipbuilders are mobilising in parallel, with ASC and BAE roles duplicated at senior leadership level but blended into a singular resource pool below that tier. ASC's SSN AUKUS headcount reached 547 staff at year-end, with targeted recruitment continuing to reach stated staffing targets. A Contract Change Proposal to extend the current contract phase is anticipated, with scope development underway for the next