(Reuters) – Naval Group, a subsidiary of Thales, will obtain compensation after the Australian government unilaterally terminated a contract for the delivery of 12 French submarines, BFM Business reported on Friday.
“The French industrial group should receive between 100 and 500 million euros to compensate for the cancellation of the contract, the Australian press 400 million”, writes BFM Business on its website.
Canberra in September canceled a $40 billion contract with Naval Group to acquire 12 French nuclear submarines, in favor of a partnership with the United States and Great Britain causing a diplomatic crisis with Paris.
The defeat in May of the then Prime Minister, Scott Morrison, and the election of a new head of government, Anthony Albanese, has since enabled a warming of relations between France and Australia to begin. .
(French version Nicolas Delame)
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