France wins $39bn contract to build fleet of world’s ‘most sophisticated’ subs for Australia
The largest naval public spending project in Australian history, worth some AU$50 billion ($38.5bn), has been awarded to a French company which will build 12 subs to replace and double the size of the Royal Australian Navy’s currently outdated submarine fleet.
“These submarines will be the most sophisticated Naval vessels in the world,” said Australian Prime Minister Malcolm Turnbull as he made the announcement Tuesday.
Announcing the winner, Turnbull stressed that the new contract will result in more jobs as the new submarines are set to be built in Adelaide's ASC shipyard. At least 2,800 new jobs will be offered to construct the new fleet of French-engineered subs in South Australia.
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