Tag: Australian Submarine Corporation
Price of Australia’s scrapped submarine deal revealed
The cost of the abandoned project to acquire French vessels is expected to balloon further The cancellation of the deal to purchase French submarines is expected to cost Australia $591 million (US$381 million) in additional expenses, such as asset write-downs and re-employment programs, officials have said. The figures were relayed to the Senate, the upper’s house of parliament, by the state-run enterprises Australian Naval Infrastructure…