Hailed as a coup for Tasmania’s Maritime Defence Innovation and Design Precinct aspirations, major defence contractor Thales Australia is signing on.
It is all part of an arrangement the company has struck with Launceston's Australian Maritime College.
Federal Liberal Senator for Tasmania Eric Abetz is delighted.
"A very major prime contractor in the space indicating that they would be developing sonar testing equipment for the royal Australian Navy in the precinct is big news," Mr Abetz said,
30 million dollars of Commonwealth funding was allocated for the precinct under the Launceston City Deal. Premier Hodgman expects the precinct to create more than 150 ongoing jobs for the North.
"The defence precinct, supported by 30 million dollars investment from the Australian government, will increase our opportunities in this fast growing sector."
"It's supporting more Tasmanian businesses and more Tasmanian jobs."
Premier Hodgman also sees it as important for securing a larger slice of Australia’s $90 billion long-term national naval shipbuilding program.
"The signing of the agreement between the University of Tasmania and one of the world's largest defence contractors is a real sign of confidence in Tasmania's capabilities."