CONTENT PREVIEW
Industry

Australia, Naval Group sign Strategic Partnering Agreement for Attack-class submarine programme

11 February 2019

A Strategic Partnering Agreement (SPA) setting out the principles of co-operation between Australia and French shipbuilder Naval Group for the former’s AUD50 billion (USD35 billion) future Attack-class submarine programme was signed on 11 February.

The overarching SPA, which was formally signed in Canberra in the presence of Australian Prime Minister Scott Morrison, Australian Defence Minister Christopher Pyne, and French Minister for the Armed Forces Florence Parly, sets out the terms and conditions that will endure for the entire Sea 1000 programme, thus avoiding the need to negotiate transitioning phases from scratch.

Morrison said work on the design of the Attack class has continued without interruption under an AUD500 million Design and Mobilisation contract that was signed in September 2016, and would continue uninterrupted under the SPA.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(150 of 466 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT