Following my meeting with French Minister of Defence Florence Parly in Munich, I welcome the French Government’s continued commitment to maximising Australian industry involvement in the Future Submarine program.
I have received an undertaking from Minister Parly that Naval Group is committed to a level of Australian industry capability of at least 60 per cent of the contract value spent in Australia.
While I welcome this commitment, the Morrison Government will hold Naval Group to account on their contractual commitment to maximise Australian industry involvement in this program, as per the objectives outlined in the Strategic Partnering Agreement.
Through this program, we are growing Australia’s sovereign industrial base while delivering this important national security capability of 12 regionally superior submarines.
The Future Submarine Program underpins the growing strategic partnership between Australia and France and I look forward to continuing my productive dialogue with Minister Parly as we deliver this critical national security capability.