The Australian government has agreed to pay €550m (A$830m) in a settlement with Naval Group over the former Morrison government’s controversial decision to scrap the French attack class submarine project.
The prime minister, Anthony Albanese, announced on Saturday the confidential settlement would draw a line under the cancelled $90bn project. Labor gave bipartisan support to the Aukus partnership that replaced the project – under which the US and the UK have offered to help Australia to acquire at least eight nuclear-propelled submarines and cooperate on other advanced technologies.
