Nuclear submarine programme

AUKUS details unveiled: Australian nuclear submarine programme to cost up to $394.5 billion

The Australian government will take three, potentially second-hand Virginia-class submarines early next decade, pending the approval of the US Congress.

The nuclear submarine programme will cost up to A$368 billion (NZ$394.5b) over the next three decades.

There will also be an option to purchase another two under the landmark AUKUS defence and security pact, announced in San Diego on Tuesday morning.