Australia and France sign deal to build 12 submarines
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SYDNEY- Australia and France signed an agreement Tuesday to build the world's largest diesel-electric submarines in the Australian industrial town of Adelaide.
Prime Minister Malcolm Turnbull and French Defense Minister Jean-Yves Le Drian signed the agreement in Adelaide, where they officially opened the Australian headquarters of DCNS, a French state majority-owned company that will design the Shortfin Barracuda subs.
Turnbull described the 56 billion Australian dollar ($41 billion) contract to build 12 subs as the largest capital project in Australia's history. The contract is also DCNS's largest outside France.
A workforce of 2,800 people will begin building the first sub in an Adelaide shipyard in 2022.
