Aerospace & Defense IndustriesAustralia'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
FUMI MATSUMOTO, Nikkei staff writer
October 11, 2021 13:18 JST
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.