Naval Group Settlement
The Australian Government has finalised negotiations with Naval Group to conclude the Attack class submarine program.
The former government made the decision to terminate the contract on the basis of advice about capability requirements for the Australian Defence Force—advice that was accepted by Labor in Opposition.
We have reached a fair and equitable settlement of €555 million (around $830 million) with Naval Group.
Now that the matter is resolved we can move forward with the relationship with France.