French subs deal robbed Aussie businesses

Australian Industry Defence Network Chief Brent Clark told a Senate inquiry that small businesses spent an average of $200,000 each upgrading their capabilities for the now-cancelled military submarine project.

“The businesses’ investment was based on the reasonable assumption that this program would run for decades.” Scott Morrison’s announcement to scrap the French deal shocked many, but the government appears to have been secretly planning the move months in advance. Picture: SAEED KHAN / AFP But the Australian businesses involved in the original submarine program along with the French government were completely blindsided by Mr Morrison’s announcement in September.

Despite the losses experienced by local businesses, the federal government has offered no support to help them weather this financial blow. Mr Clark urged the government to help the businesses use the new capabilities they developed for the French program on other projects.“These companies need to be quickly prioritised in the supply chain of other potential programs. For example, the Hunter Class Frigate program.”

Need the best subs we can get. Sometimes need to make the hard calls when talking about our countries defence. The China arsenal of technology is truly scary, yet even more so their ambitions.

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