23 March 2021
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.
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French shipbuilder Naval Group and Canberra have formally agreed that at least 60% of the contract v...
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