Aukus is ‘worst, riskiest and most costly’ Australian defence decision ever, public inquiry into submarine deal says

A public inquiry in Australia has concluded that the Aukus nuclear submarine agreement is the worst, riskiest, and most costly defence decision ever made by an Australian government. The report, led by Peter Garrett and former defence chief Adm Chris Barrie, calls for the immediate suspension of the deal. This decision could have significant implications for the Australian economy, particularly in terms of defence spending and international relations.

Why it matters

The public inquiry's report criticizes the Aukus submarine deal, calling it the worst and riskiest defence decision ever. This could lead to a suspension of the agreement and a royal commission, which may negatively impact Australian defence stocks.

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