A settlement of around $830 million has been reached between the Naval Group and the Australian government over a scrapped submarine program. The former government made the decision to discontinue the project last September after entering the AUKUS security alliance which granted Australia access to nuclear-powered submarines. The French company released a statement saying "Naval Group and the Commonwealth of Australia have reached a fair and equitable settlement to bring a conclusion to the Future Submarine Program”.
from Latest World News Headlines | Daily Telegraph https://ift.tt/aJ8sfqg
Saturday, June 11, 2022
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