ASC Pty Ltd, formerly the Australian Submarine Corporation, is an Australian Federal Government-owned private company. It is owned by the Australian government through the Department of Defence.
The company’s name was changed from the Australian Submarine Corporation Pty Ltd to ASC Pty Ltd on 1 October 2004 to position it as a supplier of naval combat vessels in addition to being a specialist submarine supplier and maintainer. The name was specifically selected to reflect “the company’s future business and shipbuilding activities” and the establishment of their shipbuilding operations
The company derives revenue from the design, maintenance, and enhancement of Collins Class submarines and the construction of Hobart Class Air Warfare Destroyers.
ASC is involved in naval shipbuilding and submarine construction, and its ownership is tied to the government’s interests in defense procurement and national security.
It’s essential to keep in mind that government structures and organizations can undergo reforms or changes over time, and new developments may occur over time. To obtain the most up-to-date information regarding the status of the AAT or any changes to its functions or structure, I recommend checking official government sources, such as the AAT’s own website or the website of the Australian government’s Department of the Prime Minister and Cabinet.