Australia will pay French shipbuilder Naval Group an $830 million settlement after the federal government cancelled a $90-billion deal to purchase twelve French submarines AusPol
Australia will pay French shipbuilder Naval Group an $830 million settlement after the federal government cancelled a $90-billion deal to purchase twelve French submarines.
Albanese said he expects to fly to Paris shortly to visit French President Emmanuel Macron, with the pair texting each other to finalise the details of the settlement and the forthcoming trip.The prime minister said the estimated total cost of the axed deal to purchase French submarines from Naval Group was $3.4 billion.
“But it still represents an extraordinary waste from a government that was always big on announcements, but not good on delivery, and from a government that will be remembered as the most wasteful government in Australia’s history since federation.”
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