

https://www.theguardian.com/world/2026/may/17/australia-aukus-spending-delays-nuclear-submarines
IPAN has called for AUKUS to be scrapped from the very moment it was dropped on us in the dying days of the Morrison Govt.
Its time for questions about the secret deal to be answered.
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As Australia’s Aukus spending blows out further, US submarine building falls years further behind: the strongest signal yet that America’s promised Virginia-class submarines are increasingly unlikely to ever materialise under Australian command.
This week the US navy admitted it would take until 2032 before it was building two Virginia-class boats a year – still below the rate needed to supply Australia.
Australia’s budget, released Tuesday, put an extra $400m towards the Aukus agreement over the next three years: the Australian Submarine Agency’s total resourcing is now $2.13bn to the middle of 2029.
In addition, Australia has sent A$2.76bn (US$2bn) to the US, and A$863m (£469m) to the UK, to boost their flagging submarine-building industrial bases.
It remains a fraction of the total: to 2055, the Aukus deal is conservatively estimated to cost Australia $368bn.
Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump
But the US Congress and navy, on which Australia will depend for its first nuclear-powered submarines – two second-hand Virginia-class attack submarines – continues to signal that it is not building enough submarines for its own fleet, let alone any to sell to Australia.
Read the whole story
https://www.theguardian.com/world/2026/may/17/australia-aukus-spending-delays-nuclear-submarines