Future Submarine Project Deadlocked As French Shipbuilder Digs in on $50 Billion Contract (excerpt)
(Source: Australian Broadcasting Corp.; posted Sept 27, 2018)
By Andrew Greene
The Government has grown so frustrated with the French company selected to build Australia's next fleet of submarines that Defence Minister Christopher Pyne refused to meet top officials visiting the country this week.

Naval Group was selected in 2016 to build 12 submarines for the Australian Navy, in the country's largest-ever defence contract worth $50 billion.

The ABC understands Mr Pyne will only meet the chief executive of the majority French state-owned company once a crucial document, the strategic partnering agreement (SPA), has been signed.

Negotiations on that document have stalled and it is feared they may not be resolved before next year's federal election.

Defence and industry figures have told the ABC that France and Australia will not be ready before 2019 to sign the document, which is needed before detailed design contracts can be finalised, and submarine construction begins. (end of excerpt)

Click here for the full story, on the ABC website.


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