Submarine local content deal to remain secret
Submarine local content deal to remain secret Save Share An agreement obliging French submarine builder Naval Group to spend 60 per cent of its funding with local suppliers will be kept secret, angering the defence industry that would like to track progress against the companyâs promises. Following months of tortuous negotiations, an in-principle agreement between the Defence Department and Naval Group was struck when its global chief Pierre-Eric Pommelet jetted into Australia last month for crisis talks with senior ministers over the troubled project. Tensions between Australia and Nava...