France and Australia to sign ‘contract of century’ for 12 state-of-the-art submarines

‘France and Australia are set to sign a multibillion dollar deal for the construction of 12 cutting-edge nuclear powered submarines. The deal has already been branded the “defense contract of the century” by Paris.
French Minister of Defense Jean-Yves Le Drian arrived in Australia on Sunday. Together with Australian Prime Minister Malcolm Turnbull, he announced that they are set to sign a contract in the Australian city of Adelaide on Tuesday, AFP reported.
Under the contract, French industrial shipbuilder DNCS will set up a branch in Adelaide to build scaled-down versions of France’s 4,700-tonne Barracuda stealth submarines, nuclear-fuelled attack submarines that are among the world’s best to date.’
Read more: France and Australia to sign ‘contract of century’ for 12 state-of-the-art submarines