According to a recent review of the AUKUS nuclear submarine deal done by the Parliamentary Budget Office (PBO), over $123 billion has been set aside as a "contingency" for Australia's greatest ever defence investment. The $368 billion nuclear-powered submarine program's breakdown of costs discloses that Defence has budgeted $123 billion for a 50% contingency that is not allocated by year but rather "is triggered on the occurrence of a contingent event."

Aukus: Nuclear submarines will cost Australia up to $368 billion

The leaders of the U.S, UK and Australia will meet in San Diego to finalise the AUKUS deal. They are expected to make an announcement on nuclear-powered submarines that will deepen defence ties.

Joe Biden, Anthony Albanese, Rishi Sunak to meet in San Diego to finalise AUKUS deal

Under the Aukus pact Australia is to get its first nuclear-powered subs - at least three - from the U.S. The allies will also work to create a new fleet using cutting-edge tech, including UK-made Rolls-Royce reactors. Beijing has strongly criticised the significant naval deal.

Eye on China, allies bulking up muscle across the Asia-pacific

The united states of America, Australia and the UK have inked a nuclear-powered submarine deal. A step which is likely aimed at countering the Chinese aggressive behaviour in the Indo-pacific region. Australia will now be buying at least 5 U.S. Nuclear powered submarines. In this episode of WION conversation we decode what kind of implications will the latest Aukus pact have on the future security of the rest of the world.

Transfer of nuclear tech to non-nuclear nation raises concerns | Latest English News

Aukus submarines deal embarks on path of danger, says China

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Aukus: Nuclear submarines will cost Australia up to $368 billion

Joe Biden, Anthony Albanese, Rishi Sunak to meet in San Diego to finalise AUKUS deal

Eye on China, allies bulking up muscle across the Asia-pacific

Transfer of nuclear tech to non-nuclear nation raises concerns | Latest English News

Aukus submarines deal embarks on path of danger, says China