French leader says all new subs will be built in Australia

May 2, 2016 4:56 AM

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CANBERRA, Australia – French Prime Minister Manuel Valls says a planned fleet of French-designed Australian submarines will all be built in Australia on time and within budget.

Valls met his Australian counterpart Malcolm Turnbull on Monday, a week after Australia announced that DCNS, a French state majority-owned company, had been chosen to design 12 diesel-electric submarines.

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