Australia today sealed a 50 billion Australian dollars ($37 billion) submarines deal with France, termed the “largest defense procurement program in Australia’s history”.
The inter- governmental agreement (IGA) signed by Australian Prime Minister Malcolm Turnbull and French Defence Minister Jean-Yves Le Drian, is for 12 sophisticated submarines to be built by French defence major DCNS. The Australian headquarters of DCNS that will design and build the Shortfin Barracuda was official opened in Adelaide today.
"The IGA is the last foundation stone needed to ensure Australia is able to develop a cutting-edge sovereign submarine capability," Turnbull told media.
The pact is a "critically important step in the development of our security, in the assurance of our government in delivering Australians the security and the prosperity that they need," he said.
Le Drian, describing the signing as an "historic event", said the agreement was "an important building block in deepening our bilateral relationship, notably... between our two navies".
The new contract between Australia and France lays out the legal framework under which Australia and France will partner on the future submarine programme over the coming decades.
Australia awarded DCNS the main contract in April to design and build its next generation of submarines, conventionally powered version of France’s 4,700-ton nuclear-fueled Barracuda but boast the same stealth capabilities.
The Barracudas are to replace Australia’s aging diesel and electric-powered Collins submarines.
France and Australia will sign a multibillion dollar for 12 state-of-the-art submarines tomorrow. Australias Prime Minister Malcolm Turnbull and Frances Minister of Defense, Jean-Yves Le Drian, will ink the intergovernmental accord estimated 50 billion Australian dollars ($37 billion) in Adelaide on Tuesday with the French shipbuilder DCNS designing and building the Shortfin Barracudas, AFP reports
The Australian Navy will commence sea trials of its Air Warfare Destroyer 'Hobart' by early next year. The trials of the first Hobart-class ship will undertake testing of combat and communications systems and further platform system testing
The leak of sensitive information about the Indian Scorpene submarines program was done from an office in Adelaide which is believed to be South Australian crossbench senator Nick Xenophons electorate office, an Australian newspaper reports. Former submariner turned political staffer Rex Patrick, an adviser to Xenophon, has been identified as the source of information for a front page newspaper story in August that triggered an international furore that embarrassed India and the French government-owned submarine builder DCNS, Sydney Morning Herald reports quoting an investigation done by Fairfax Media
The Australian multi-billion-dollar Offshore Patrol Vessel project is expected to create around 400 direct jobs, Christopher Pyne, Minister for Defence Industry said. The MoD has released the Request for Tender (RFT) for the OPV project to the three shortlisted designers, Damen, Fassmer and Luerssen
An Australian cyber security delegation, who currently is on a four-day visit to India, is eyeing to partner with the Asian country's Information Technology firms to offer next generation cybersecurity capabilities for global clients. The cyber security delegation from Australia is on visit to India beginning from Monday
Naval Group has announced the signing of the first phase of the Submarine Design contract with the Australian government. The Submarine Design Contract is the first contract workscope to be fully executed under the Strategic Partnering Agreement for the Australian Future Attack-class Submarine Program, the company said in a statement Tuesday
The French procurement agency (DGA) has confirmed an order for the construction of the fourth Batiment multi-mission vessel B2M. This order complements the order of three buildings on December 30, 2013
US Navys Columbia-class submarine program has cleared milestone B last week, allowing the submarine to move into the Engineering and Manufacturing Development phase. During this engineering, Manufacturing development phase, the focus would be achieving an 83 percent design maturity prior to construction start in 2021,
Australian farmers are opposed to selling their land for proposed Singapore Armys military training site in northern Queensland. The planned site, which will increase the presence of Singapore Armed Forces (SAF) soldiers training in Australia, will involve the sale of 200,000ha of farmland by 23 farmers, said a report in The Sunday Times
France has signed more than US$55 billion in large defence deals this year making one of the most lucrative periods in the countrys history of defence exports. State owned firm DCNS today signed US$ 37 billion contract with Australian government in industrial town of Adelaide for 12 diesel-electric submarines
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