Australia Commits $3bn Towards Construction of AUKUS Nuclear-Powered Submarine Fleet

The Australian government has announced that the UK's BAE Systems will produce state-of-the-art nuclear-powered submarines for Australia as part of the AUKUS security pact with the US and the UK. The first subs are expected to be built in Britain, with later ones being constructed in Adelaide, South Australia. The deal is valued at billions of dollars and will result in at least five submarines being delivered from the early 2040s. All three allies have expressed their commitment to making this agreement a reality in order to strengthen their military capabilities and counter China's rising influence. Additionally, Australia has pledged to invest $3bn into the British industry to support the construction of these nuclear-powered submarines. The timeline and specifics of the deal have been consistently emphasized by Australian defense officials.