Australia's federal and South Australian governments announced additional funding of $3.2–4.6 billion for an AUKUS shipyard. The investment prepares Australia to build nuclear-powered submarines and upgrade its regional defense capabilities.
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Australia intends to plow more funding into a government-run shipyard in preparation for building nuclear-powered submarines, as the nation moves to upgrade its navy and expand domestic shipbuilding capacity.
The federal and South Australian governments have thrown an extra $4.6 billion at the construction of an AUKUS shipyard.