Australia's state-owned naval shipbuilder, ASC, is on track to be "fully separated" by mid-2017, defence industry minister Christopher Pyne has confirmed.
Speaking to the Australian House of Representatives on 9 February, Pyne said that work "has already begun on the separation of ASC into the three new companies, with full separation expected to be completed by June 2017".
He added that the move to split ASC into three companies - shipbuilding, submarine maintenance, and infrastructure - would support Australia's bid to establish a continuing naval shipbuilding programme over the next few decades.
"The separation of ASC will deliver a more flexible approach to managing the investment required in shipbuilding infrastructure to support the government's historic continuous shipbuilding programme," he said.
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