Australia and France sign contract to build 12 submarines

Wednesday, 21 December, 2016 - 17:45

Australia and France have signed an agreement to build 12 cutting-edge nuclear powered submarines.

Australian Minister for Defense Marise Payne said: “This historic agreement builds on the strength and depth of the Australia-France defense relationship and is another significant step forward for Australia's Future Submarine Program”.

The amount of transaction is estimated at 34 billion euros.