[8] The ASC construction facility was established on previously undeveloped land on the bank of the Port River, at Osborne, South Australia.

The Australian Government granted first pass approval for the project and provided $455 million to ASC towards "the next phase of activities including further design work, workforce skilling, initial infrastructure investment and facilities construction.

[18][19] Under agreements struck with the South Australian Government, the newly formed infrastructure owner and manager, Australian Naval Infrastructure Pty Ltd (ANI), completed the acquisition of the Techport business in November 2017, enabling it to effectively consolidate ownership of the newly named Osborne Naval Shipyard precinct.

[20] On 27 July 2018, ASC delivered the second Air Warfare Destroyer, NUSHIP Brisbane (III)(DDG 41) to the Australian Defence Force.

[22][23][24] In 2020, ASC and CSIRO begin a two-year research collaboration looking to more efficiently repair precision submarine components by perfecting ‘cold spray’ additive manufacturing techniques.

[26] In August 2022 ASC announced the opening of a new science and technology hub at Lot Fourteen in Adelaide city centre, where research projects in fields such as robotics, artificial intelligence and machine learning would be undertaken.

[35] In February 2014, the National Commission of Audit recommended in its Phase One Report that the Commonwealth sell its interest in ASC.