Australia Signs $35Bln Submarine Deal With French Contractor - Defence Minister

Clay Curtis
February 12, 2019

Australian Prime Minister Scott Morrison and Defence Minister Christopher Pyne met with French Defense Minister Florence Parly in Canberra on Monday to sign the Strategic Partnership Agreement (SPA) to guide the project, nearly three years after Naval Group, formerly known as DCNS, was selected to build the submarines.

According to the Australian Defence Ministry, the first submarine that will be named HMAS Attack is expected to be delivered in the early 2030s.

Australia selected the French builder as its preferred bidder for the fleet of submarines in 2016 ahead of other offers from Japan and Germany. "This agreement will create around 2,800 jobs for Australians, while helping to protect our country and keep Australians safe", Christopher Pyne said on Twitter.

Australia has signed a production contract of 50 billion dollars (AUD ) worth defence deal with the French shipbuilder Naval Group on Monday in order to produce 12 new attack-class submarines for the Australian naval forces while ending a two-year wrangle that has cast doubts on one of the world's most profitable defence deals.

• The first sod has been turned at the Future Submarine construction yard in Adelaide.

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The Feasibility Study phase of the Future Submarine design contract being undertaken in France with the support of Australian engineers has been completed. The next group of engineers will depart for France in March 2019.

It is both Australia's largest ever defence procurement project and Naval Group's largest ever foreign sales deal.

• Continued to work with education facilities, TAFEs and universities, having forged a collaborative engineering and research Memorandum of Understanding with the University of New South Wales.

The production contract between Australia and Naval Group has been valued at AUS$50bn (US$35.4bn).

- Conducted numerous engagement activities in France and Australia to connect potential European and Australian suppliers.

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