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ABC News
ABC News
National
political reporter Matthew Doran

Australian government agrees to pay $835 million to French submarine contractor Naval Group over cancelled contract

The scrapped French submarine deal has cost Australian taxpayers $3.4 billion. (Supplied: DCNS)

The Australian government will pay French shipbuilder Naval Group $835 million in compensation, after last year's decision to tear up a $90-billion contract to build 12 submarines.

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