Aukus fallout: French submarine builder to send Australia invoice for scrapped ‘contract of the century’

Published Sep 22 2021 at 11:40 PM GMT
  • France’s Naval Group said Wednesday it will send a “detailed and calculated proposal” to Australia in the coming weeks of the costs it expects Canberra to pay for scrapping a massive contract to purchase French submarines.
  • Australia in 2016 agreed to buy 12 diesel-powered submarines built by Naval Group in a deal dubbed the “contract of the century” worth US$36.5 billion and later revalued at US$60 billion.
  • However last week Australia ditched the deal in favour of nuclear-powered submarines from….



  • Published Sep 22, 2021 11:40 PM GMT