Part of the agreement, which is meant to counter growing Chinese military aggression in the Indo-Pacific, will involve the United States helping Australia develop a fleet of nuclear-powered submarines.
In light of its deal with the U.S., Australia has cancelled a submarine contract it had with the French, which various media reports have estimated to be worth between $50 billion and $90 billion. One Australian outlet had dubbed it the "contract of the century."
Send an email
