Risk and reward: the challenges and the payout of the submarine deal

By David Wroe
Updated April 30 2016 - 10:13am, first published 10:04am
An artist's rendition of a French Shortfin Barracuda submarine, designed by the DCNS group.
An artist's rendition of a French Shortfin Barracuda submarine, designed by the DCNS group.
Prime Minister Malcolm Turnbull tours the site after announcing the winning bid for for the new submarine DCNS at a press conference in Adelaide.  Photo: Supplied
Prime Minister Malcolm Turnbull tours the site after announcing the winning bid for for the new submarine DCNS at a press conference in Adelaide. Photo: Supplied
DCNS is basing its design for the Australian submarines on France's nuclear-powered Barracuda boat, the first of which hits the water next year. Photo: Supplied
DCNS is basing its design for the Australian submarines on France's nuclear-powered Barracuda boat, the first of which hits the water next year. Photo: Supplied

The standing joke about French submarines used to be that they were as noisy as Britain's 19th century Great Western Railway.

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