This report presents a range of views on the future of Australia's naval shipbuilding and repair industry. ASPI asked a range of government and industry players for their views, and their responses form the first section of this report. Some common themes emerged: the challenge to develop the capacity to deliver the future, the need to manage the workflow for industry to avoid a 'boom and bust' pattern, and the need for Australian industry to be competitive in a global marketplace. The second part of this report is a summary of a follow-on workshop discussion facilitated by ASPI in Canberra. The discussion included the possibility of a government-driven rationalisation of the local shipbuilding industry. The report captures the views of participants and ASPI provides some observations and recommendations