Naval Group and Australia formalise agreement on local content for Future Submarine programme

by Julian Kerr

French shipbuilder Naval Group and Canberra have formally agreed that at least 60% of the contract value for the Royal Australian Navy’s (RAN’s) Future Submarine programme will be spent in Australia, Acting Defence Minister Marise Payne announced on 23 March.

Amendments to the overarching Strategic Partnering Agreement underpinning the AUD90 billion (USD69 billion) project ensure that Naval Group’s commitment is now a contractual obligation over the life of the programme, said Payne in a statement.

Already a Janes subscriber? Read the full article via the Client Login
Interested in subscribing, see What we do

Share

https://www.janes.com/defence-news/news-detail/naval-group-and-australia-formalise-agreement-on-local-content-for-future-submarine-programme

French shipbuilder Naval Group and Canberra have formally agreed that at least 60% of the contract v...

Associated services

Related news

Loading animation

Request a free consultation to find out how in a world of fake news and ever growing conflict, Janes can provide you with unbiased, verified open-source intelligence.

Details