British industry to receive nearly $5 billion from Australia to help build nuclear-powered submarines in Adelaide

Australia will give nearly $5 billion to British industry over the next 10 years as part of the AUKUS submarine-building program.

"This is another major step in the delivery of AUKUS, the announcement of the commercial build arrangements for SSN-AUKUS at the Osborne naval shipyard in Adelaide demonstrates that this is moving apace," Mr Marles said.The Australian contribution of $4.6 billion to UK industry will go towards design work on the new SSN-AUKUS fleet and to expand a Rolls-Royce plant that builds the nuclear reactors that will eventually be installed into the submarines.

"There's no way the UK could afford to build their next generation of nuclear subs without finding some sucker like Australia on the other side of the planet who will chip in billions and billions and billions of dollars," Senator Shoebridge said. "If this is not a requirement then the ability for Australia's industries' inclusion is at risk," the network said.Australia and UK expected to strengthen military ties ahead of nuclear-powered submarine delivery

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

British industry to receive nearly $5 billion from Australia to help build nuclear-powered submarines in AdelaideAlmost $5 billion will go to British industry in the next decade to help design and build key parts of Australia's future nuclear-powered submarine fleet that will be constructed in Adelaide.
Source: abcnews - 🏆 5. / 83 Read more »