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US to allocate $4.6 bln for development of submarine industrial base

US Materials 14 March 2023 04:19 (UTC +04:00)

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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