Agreement in principle between Australia’s Department of Defence (DoD) and French submarine builder Naval Group on a vital Strategic Partnering Agreement (SPA) for Australia’s Future Submarine programme is anticipated by 21 December, according to sources close to the protracted negotiations.
The overarching SPA is intended to set out terms and conditions that will endure for the entire AUD50 billion (USD36 billion) Sea 1000 construction programme, avoiding the need to renegotiate a known set of provisions as work transitions from phase to phase.
The negotiations began in early 2017 and since then have alternated between France and Australia, although the four sessions since October have all taken place in Canberra.
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