$3 BILLION DEAL WITH THE UK GETS AUSTRALIA CLOSER TO HAVING A FLEET OF NUCLEAR-POWERED SUBMARINES
Photo Credit: Matt Turner
Australia is set to provide 4.6 billion Australian dollars ($3 billion) to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time, the two countries said Friday.
The announcement came a day after the two countries signed a defense and security pact to better meet challenges such as China’s increased activity in the South China Sea and South Pacific.