French submarine builder to send Australia invoice 'in a few weeks'

French submarine builder to send Australia invoice 'in a few weeks'

23/9/2021 2:32:00 AM

French submarine builder to send Australia invoice 'in a few weeks'

PARIS: France\u0027s Naval Group said on Wednesday (Sep 22) it will send a \u0022detailed and calculated proposal\u0022 to Australia in the coming weeks of the costs it expects Canberra to pay for scrapping a massive contract to purchase French submarines. Australia in 2016 agreed to buy 12 diesel-powered submarines

PARIS: France's Naval Group said on Wednesday (Sep 22) it will send a"detailed and calculated proposal" to Australia in the coming weeks of the costs it expects Canberra to pay for scrapping a massive contract to purchase French submarines.

3,862 new Covid-19 cases in S’pore; record 18 deaths reported in a day brings tally to 264 Covid-19: Healthcare system still under pressure as hospitalised patients, ICU cases continue to rise, says MOH Single-day high of 18 reported COVID deaths; 3,862 new cases

Australia in 2016 agreed to buy 12 diesel-powered submarines built by Naval Group in a deal dubbed the"contract of the century" worth A$50 billion (US$36.5 billion), later revalued to €56 billion (US$65 billion).However last week Australiaditched the deal

in favour of nuclear-powered submarines from the United States and Britain, in a secretly negotiated agreement that infuriated Paris and sparked a diplomatic row.Naval Group CEO Pierre Eric Pommellet told France's Le Figaro newspaper on Wednesday that a bill would be sent to Australia"in a few weeks". headtopics.com

"Australia terminated the contract for convenience, which means that we are not at fault," he said."It is a case that is planned for in the contract and will require a payment of our costs that were incurred and those to come, linked to demobilisation of infrastructure and IT as well as the redeployment of employees," he added.

"We will assert our rights." Read more: CNA »

Covid-19: Healthcare system still under pressure as hospitalised patients, ICU cases continue to rise, says MOH

EmmanuelMacron hahaha good one 👍 Wow. Law suits on the way.

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Denmark's premier defends Biden in French submarine disputeCOPENHAGEN: Denmark\u0027s prime minister said on Wednesday (Sep 22) she did not believe a new security pact between Australia, Britain and the United States that excluded France and cost Paris a defence project was grounds for a transatlantic dispute. Mette Frederiksen said US President Joe Biden was a lo

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France is doing everything it can to show its anger at a cancelled $50 billion submarine contract, shocking officials in the US, UK, and AustraliaFrance recalled its ambassadors to the US and Australia in fury after Australia canceled a lucrative submarine contract with French firm Naval Group.

Denmark's premier defends Biden in French submarine disputeCOPENHAGEN: Denmark\u0027s prime minister said on Wednesday (Sep 22) she did not believe a new security pact between Australia, Britain and the United States that excluded France and cost Paris a defence project was grounds for a transatlantic dispute. Mette Frederiksen said US President Joe Biden was a lo

US-Australia submarine deal: What are the risks?WASHINGTON: The US decision to sell nuclear-powered submarines to Australia has put at risk longstanding but fragile global pacts to prevent the proliferation of dangerous nuclear technologies, according to experts. The deal killed a previous French agreement to sell non-nuclear subs to Australia, and radi