I WAS in China when the $50 billion Australian submarine acquisitions were announced.
The China Daily covered the story and was quick to reply that the Chinese YU8 missile could take care of any submarine threat from Australia in a matter of minutes.
Thus the YU8 missile makes the Australian submarine acquisition obsolete.
It is back in the news because of the rise/fall conditions in the contract.
Of course more likely a rise than a fall will occur.
I do not believe adequate research was done with this acquisition.
The French are not experienced in the field of submarine manufacture.
Their naval history is far from a success.
Perhaps Germany could have been approached as they are and always have been famous for their submarines.
The submarine blueprints and plans are not fully developed and the acquired submarines exist in theory only, yet the Australian Government has awarded the contract.