Australia pledges $2.7 billion to progress nuclear submarine shipyard build
Australia said on Sunday it would spend A$3.9 billion ($2.76 billion) to progress construction of a shipyard that will help deliver nuclear-powered submarines under the trilateral AUKUS defence pact with the US and Britain.
Announced in 2021, AUKUS is Australia's largest-ever defence investment and will see US-commanded Virginia-class submarines based in Australia from 2027, several Virginia submarines sold to Australia from around 2030, and Britain and Australia building a new class of AUKUS nuclear-powered submarine.
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