US To Allocate $4.6 Bln For Development Of Submarine Industrial Base

2023-03-13 09:09:23

(MENAFN- Trend News Agency) The US Administration will allocate $4.6 billion for development of its submarine construction base under the AUKUS partnership, a high-ranking Administration representative said during a briefing for the media, trend reports citing tass .

'As you all know, the Biden administration made a substantial investment in that submarine industrial base last year with, of course, the hardy support of Congress. You will see, as will be announced tomorrow, $4.6 billion being advanced for production and for maintenance over the next five years in our submarine industrial base,' the representative said.

He noted that Australia will also make a substantial contribution to the base, but did not elaborate.

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