Australia, France sign 35 bln USD Future Submarine program

BAE Systems Australia CEO Gabby Costigan and Minister for Defence Christopher Pyne are seen during a visit to a shipyard in Adelaide

BAE Systems Australia CEO Gabby Costigan and Minister for Defence Christopher Pyne are seen during a visit to a shipyard

The agreement is a "defining moment for the country", stated the Prime Minster of Australia, Scott Morrison, and the nation's Defence Minister, Christopher Pyne, according to the Sydney Morning Herald.

"The $50-billion Attack-class program will deliver submarines that will meet our Navy's capability requirements, will be at the forefront of Australia's defense strategy and will help protect Australia's security and prosperity for decades to come", Vice Admiral Michael Noonan, the chief of the Royal Australian Navy, said in a statement.

"This agreement with Australia will see Naval Group transfer the "know-how" and "know-why" to Australia to become an sovereign submarine nation.

Other activities required to deliver this major program, including the development of the submarine construction yard at Osborne in South Australia, are continuing".

Australia and the France-based Naval Group will apparently ink an agreement for the construction of a new fleet of submarines for the Australian navy. Australia and Naval Group signed a Strategic Partnering Agreement, the overall contract to guide the construction, to end the impasse.

• Pre-sizing of the Future Submarine has been completed. The next group of engineers will depart for France in March 2019.

Up until now, Naval Group has been working under a $361 million 2016 design and mobilization contract while SPA negotiations were ongoing.

The Australian government is committed to maximising "local industry" involvement in the programme and "to ensure Australians get the most out of this important national investment", it added.

- To date Naval Group has engaged with over 1,100 Australian suppliers through expression of interests, requests for information, supplier visits and industry events to develop a in depth understanding of Australia Industry capability.

Eddie Murphy's Coming to America sequel to be released in 2020
Donut Sticks to hit the breakfast menu at McDonald's