Naval Group admits it had to trim submarine budget
The French company building Australia’s future submarines has admitted going over the Defence Department’s budget envelope for the next stage of the project, blaming it on new demands from the government and Australian suppliers being more expensive.
As Naval Group global chief executive Pierre-Eric Pommelletundertakes two weeks of quarantine in an Adelaide hotel room, the company has been forced to scramble to revise the budget for the next phase of the project, according to a French media report.
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