Minister Pyne said as the prime contractor, SEDA would provide maintenance and support services to the Navy for five years, with options to extend for up to 15 years.
"The new contract will extend the company’s Australian footprint and support local employment with the addition of seven full-time employees," he said.
Minister Pyne added that the contract signing would help support the continued development of Australia's defence industry by minimising the amount of defence subcomponents that would otherwise be returned to France for maintenance and repair.
"This will lead to a significant reduction in repair timeframes as significant sub-components will no longer need to be returned to France for overhaul and repair," he said.
Defence Industry Minister Linda Reynolds added that SEDA’s scope of work includes full support and maintenance of complex systems, including engineering management, maintenance management and inventory management.
"SEDA advises that it will also analyse local supply chain options to increase Australian industry capability," Minister Reynolds said.