Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Australia to spend $1.1 billion on Anduril undersea drone fleet
    Headlines

    Australia to spend $1.1 billion on Anduril undersea drone fleet

    Published by Global Banking & Finance Review®

    Posted on September 10, 2025

    2 min read

    Last updated: January 22, 2026

    Australia to spend $1.1 billion on Anduril undersea drone fleet - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationtechnology

    Quick Summary

    Australia invests $1.1 billion in Anduril's Ghost Shark drones to enhance naval capabilities, with production starting in Australia.

    Table of Contents

    • Australia's Defence Investment
    • Overview of the Ghost Shark
    • Production and Export Opportunities
    • Integration with Existing Forces

    Australia Invests A$1.7 Billion in Anduril's Undersea Drone Fleet

    Australia's Defence Investment

    By Kirsty Needham

    Overview of the Ghost Shark

    SYDNEY (Reuters) -Australia said it will spend A$1.7 billion ($1.1 billion) on a fleet of "Ghost Shark" autonomous undersea vehicles, developed by its defence force and U.S. startup Anduril Industries, for surveillance and strikes.

    Production and Export Opportunities

    Defence Minister Richard Marles told reporters on Wednesday the Ghost Shark will complement Australia's navy surface fleet and submarines to provide "a more capable and more lethal navy".

    Integration with Existing Forces

    Dozens of Ghost Sharks will be built in Australia, with opportunities to export to allies, Defence Industry Minister Pat Conroy said.

    "It has the capability to conduct intelligence, surveillance and reconnaissance and strike at extremely long distances from the Australian continent," Conroy said, adding that the first Ghost Sharks will be in service at the beginning of 2026.

    The contract with Anduril Australia covers the delivery, maintenance and continued development of the Ghost Shark over the next five years, officials said.

    Anduril has been readying a facility in New South Wales for production ahead of any contract. It began working with Australia's defence force on the development of the Ghost Shark in 2022.

    Australia's Defence Science and Technology Group has said it wants to incorporate autonomous technology into the defence force because Australia has a vast coastline and up to 3 million square kilometres (1.2 million square miles) of northern ocean that needs to be defended, but only a relatively sparse population.

    It separately plans to build nuclear-powered submarines with Britain and the United States under the AUKUS programme over three decades.

    ($1 = 1.5168 Australian dollars)

    (Reporting by Kirsty Needham; Editing by Edwina Gibbs)

    Key Takeaways

    • •Australia invests A$1.7 billion in Ghost Shark drones.
    • •The drones are developed with Anduril Industries.
    • •Ghost Sharks will enhance Australia's naval capabilities.
    • •Production will occur in Australia with export potential.
    • •First drones expected to be operational by 2026.

    Frequently Asked Questions about Australia to spend $1.1 billion on Anduril undersea drone fleet

    1What is the purpose of the Ghost Shark drones?

    The Ghost Shark drones are designed to conduct intelligence, surveillance, reconnaissance, and strike capabilities at long distances from Australia.

    2How much is Australia spending on the undersea drone fleet?

    Australia is investing A$1.7 billion (approximately $1.1 billion) in the fleet of Ghost Shark autonomous undersea vehicles.

    3Where will the Ghost Sharks be produced?

    Dozens of Ghost Sharks will be built in Australia, with plans for potential exports to allied nations.

    4What is the timeline for the Ghost Shark project?

    The contract with Anduril covers the delivery, maintenance, and continued development of the Ghost Shark over the next five years.

    5What other defence projects is Australia involved in?

    Australia plans to build nuclear-powered submarines with Britain and the United States under the AUKUS programme over the next three decades.

    More from Headlines

    Explore more articles in the Headlines category

    Image for French justice opens Epstein-linked probe against former culture minister
    French justice opens Epstein-linked probe against former culture minister
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Suspected arson hits Italian rail network near Bologna, police say
    Suspected arson hits Italian rail network near Bologna, police say
    Image for Olympics-Protesters to rally in Milan denouncing impact of Winter Games
    Olympics-Protesters to rally in Milan denouncing impact of Winter Games
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia to interrogate two suspects over attempted killing of general, report says
    Russia to interrogate two suspects over attempted killing of general, report says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Ukraine backs Pope's call for Olympic truce in war with Russia
    Ukraine backs Pope's call for Olympic truce in war with Russia
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    View All Headlines Posts
    Previous Headlines Post'In Europe to stay': Chinese carmakers steal a leaf from VW's playbook
    Next Headlines PostUS judge temporarily blocks Trump from removing Fed Governor Cook