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
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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
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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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