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Australia inks mega deal to buy French subs

France's Minister of Defence Jean-Yves Le Drian (R) and his Australian counterpart Marise Payne -- the two countries have agreed a multi-billion dollar submarine purchasAustralia on Tuesday signed a mega deal to purchase a fleet of next-generation submarines from France, with Prime Minister Malcolm Turnbull hailing the vessels’ “cutting-edge technology”. French Defence Minister Jean-Yves Le Drian inked the inter-governmental agreement (IGA) in Adelaide that will see French shipbuilder DCNS design and build the Shortfin Barracudas. “The IGA is the last foundation stone needed to ensure Australia is able to develop a cutting-edge sovereign submarine capability,” Turnbull told reporters.

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