logo
Australia UK Submarines
BritainÅfs Secretary of State for Defence Grant Shapps, center right, and BritainÅfs Foreign Secretary David Cameron, left, walk with the Premier of South Australia Peter Malinauskas, right, Deputy Prime Minister of Australia Richard Marles, second right, Australian Minister for Foreign Affairs Penny Wong, second left, and United StatesÅf Ambassador to Australia Caroline Kennedy, during a visit to the Osborne Naval Shipyard in Adelaide, Australia, Friday, March 22, 2024. Australia is set to provide 4.6 billion Australian dollars ($3 billion) to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time. (Matt Turner/AAP Image via AP)

$3 billion deal with UK gets Australia closer to having a fleet of nuclear-powered submarines

Australia is set to provide $3 billion to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time

By AP News
Published - Mar 21, 2024, 09:36 PM ET
Last Updated - Mar 21, 2024, 09:36 PM EDT

SYDNEY (AP) — Australia is set to provide 4.6 billion Australian dollars ($3 billion) to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time, the two countries said Friday.

The announcement came a day after the two countries signed a defense and security pact to better meet challenges such as China's increased activity in the South China Sea and South Pacific.

U.K. Defense Minister Grant Shapps said the submarine program was expensive but necessary.

“Nuclear-powered submarines are not cheap, but we live in a much more dangerous world where we are seeing a much more assertive region with China, a much more dangerous world all around with what’s happening in the Middle East and Europe,” Shapps told the Australian Broadcasting Corporation.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024