May 28, 2019 SOURCE: © CTO Data Services Co.
AUSTRALIA WALKS BACK 60 PERCENT LOCAL CONTENT LEVEL IN SUBMARINE DEAL
The Australian Department of Defence has signed a Strategic Partnering Agreement (SPA) with Naval Group for the production of twelve “Attack-class” future submarines. Naval Group won the $A50bn ($35bn) tender two years, ago, but the SPA has faced significant delays.
A DoD official admitted that there is no set percentage for...
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