On 12 October 2017 the then Minister for Defence Industry, Christopher Pyne, said:

The valley of death is over and we are now seeing a upturn of employment in naval shipbuilding in our state that will only continue to increase as these new projects gain momentum.

On page 30 of the ANAO report of this year there is a graph. That graph shows the valley of death. It shows how employment goes up and up and up during the Labor years and then slowly goes down and down and down until it hits the valley of death, and then it goes up again.