Australia reaches settlement with France over scrapped submarine deal

STORY: He said the settlement followed discussions with French President Emmanuel Macron and he thanked him for the cordial way in which the relationship between Australia and France was being re-established.

Australia last year scrapped a multi-billion-dollar order for submarines with French military shipyard Naval Group and opted instead for an alternative deal with the United States and Britain. The move enraged Paris and had triggered an unprecedented diplomatic crisis.

Under the alternative deal, Australia will build at least eight nuclear-powered submarines with U.S. and British technology. The scrapped French deal, struck in 2016, was for a fleet of conventional submarines.

Albanese added he had accepted an invitation from Macron to visit and meet in person in France.

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