WASHINGTON: The United States, Australia and the United Kingdom have announced a nuclear-powered submarine deal, a step aimed at countering the Chinese aggressive behaviour in the resource-rich Indo-Pacific region and ensuring that the region remains "free and open." Under the Aukus agreement, Australia will first receive at least three nuclear-powered submarines from the US.
The announcement was made after US President Joe Biden, UK Prime Minister Rishi Sunak and Australian Prime Minister Anthony Albanese attended a summit meeting in San Diego on Monday and asserted that the move is to keep the Indo-Pacific region "free and open." "With the support and approval of the Congress, beginning in the early 2030s, the United States will sell three Virginia-class submarines to Australia with the potential to sell up to two more if needed, jumpstarting their undersea capability a decade earlier than many predicted," Biden said in the presence of Australian Prime Minister Albanese and British Prime Minister Sunak.
As part of the announcement, the US has also pledged a total of USD 4.6 billion over the next few years to build its submarine construction capacity and to improve the maintenance of its Virginia-class submarines.
"This state-of-the-art conventionally armed nuclear-powered submarine will work that will combine the UK submarine technology and design with the American technology," he said.
This story is from the March 15, 2023 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 15, 2023 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Nadal tested in 3-hour win over Cachin at Madrid
The 37-year-old tennis player is trying to get in shape for next month’s French Open
Jofra Archer returns, Buttler to lead England in T20 WC
Fit-again pacer Jofra Archer expectedly returned after a one-year injury-forced hiatus, while rookie all-rounder Tom Hartley also made the cut in the 15-member preliminary T20 World Cup squad announced by defending champions England here on Tuesday.
Stomis, bowlers take Lucknow Super Giants closer to IPL playoffs
Marcus Stoinis made a composed fifty to complement the splendid effort of the bowlers as Lucknow Super Giants strengthened their chances of a play-off berth with a nervy four-wicket win over Mumbai Indians in the IPL here on Tuesday.
UCO Bank reports net profit of ₹1,654 crore in FY24
The Net Interest Income NID of the bank grew 10.32 per cent to Rs 8,101 crore
REC reports net profit of ₹4,016 cr in 04 FY24
The Board of Directors of REC Ltd, on Tuesday approved the audited financial results for the quarter and year ended on March 31, 2024.
Procurement of wheat, a major rabi crop, is down 11% so far from 219.5 lakh tonne in the same period last year
The government has bought over 196 lakh tonne of wheat so far in the ongoing 2024-25 marketing year, surpassing its annual requirement of 186 lakh tonne for all welfare schemes including the National Food Security Act.
India's gold demand up 8% in Q4 to 136.6 tonne despite high rate
The aggressive gold buying by RBI also contributed to rise in demand
The report also highlights the company’s successful track record of turning around port assets post-acquisition
Adani Ports secures AAA ratings, India’s ist in pvt infra development
‘India’s oil import bill could swell to 101-104 bn in FY25’
‘If the average crude oil price rises to 95/barrel in FY2025, then the CAD is likely to widen to 1.5 per cent of GDP”
Netanyahu vows to invade Rafah 'with or without a deal'
Israeli Prime Minister Benjamin Netanyahu vowed Tuesday to launch an offensive in Rafah in southern Gaza despite calls for restraint. He said Israel will destroy Hamas' battalions there \"with or without a deal\" currently being discussed in talks in Cairo.