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Aerospace & Defense

Australia's AUKUS submarine deal strikes blow to arms contractors

Small firms in scuttled contracts for French-made vessels face stormy future

French President Emmanuel Macron, second from left, and then-Australian Prime Minister Malcolm Turnbull, third from left, pose aboard the HMAS Waller in Sydney in May 2018.    © AP

SYDNEY -- Australia's cancellation of a 90 billion Australian dollars ($65.9 billion) submarine contract with France and shift to working with the U.S. and the U.K. to develop nuclear submarines has created problems for defense contractors abandoned by the move.

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