AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Defense Secretary Lloyd Austin met with defense chiefs from Australia and the United Kingdom at the U.S. military's defense technology hub in Silicon Valley on Friday to forge a new agreement to increase technology cooperation and information sharing . "The new technology agreement is the next step in a widening military cooperation with Australia that was first announced in 2021. The three nations have laid out plans for the so-called AUKUS partnership to help equip Australia with a fleet of eight nuclear-powered submarines. AUKUS is an acronym for Australia, the United Kingdom and the United States.Under the deal, Australia will buy three Virginia-class submarines from the United States and build five of a new AUKUS-class submarine in cooperation with Britain.

Source: Economic Times December 02, 2023 15:16 UTC