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How to make sure Australia's submarines pay for themselves

  • Written by: The Conversation Contributor

The deal announced by Prime Minister Malcolm Turnbull today that the French have won the A$50 billion contract for supplying Australia’s 12 future submarines is very good news for Australia.

Ensuring the submarines are built in country rather than overseas will save Australian taxpayers an estimated A$28 billion (at an exchange rate of...

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French firm DCNS wins $50 billion submarine contract

  • Written by: The Conversation Contributor

The French have defeated German and Japanese bids to win the $50 billion contract to build Australia’s 12 new submarines, which will be constructed in Adelaide.

Announcing the decision at the ASC shipyard in Adelaide, Prime Minister Malcolm Turnbull said the project would produce 2800 jobs and have an “immense spin off” for the...

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