Wednesday 20 October 2021
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scmp - 27 days ago

Aukus fallout: French submarine builder to send Australia invoice for scrapped ‘contract of the century’

France’s Naval Group said Wednesday it will send a “detailed and calculated proposal” to Australia in the coming weeks of the costs it expects Canberra to pay for scrapping a massive contract to purchase French submarines.Australia in 2016 agreed to buy 12 diesel-powered submarines built by Naval Group in a deal dubbed the “contract of the century” worth US$36.5 billion and later revalued at US$60 billion.However last week Australia ditched the deal in favour of nuclear-powered submarines from…


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