The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

Pentagon may sink Biden-era deal to sell Australia nuclear-powered submarines

by
June 12, 2025
in Latest News
0
Pentagon may sink Biden-era deal to sell Australia nuclear-powered submarines
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The Pentagon is considering backing out of the nuclear submarine agreement former President Joe Biden struck with Australia and the United Kingdom, amid shipbuilding problems back at home. 

‘The Department is reviewing AUKUS as part of ensuring that this initiative of the previous Administration is aligned with the president’s ‘America First’ agenda,’ a U.S. defense official said. 

‘As Secretary Hegseth has made clear, this means ensuring the highest readiness of our service members, that allies step up fully to do their part for collective defense, and that the defense industrial base is meeting our needs. This review will ensure the initiative meets these common sense, ‘America First’ criteria.’

Under the deal, which was seen as a response to China’s growing military threat in the Indo-Pacific, the U.S. and the UK would help Australia acquire conventionally armed, nuclear-powered submarines. Canberra would initially purchase several Virginia-class submarines in the early 2030s. The three nations would jointly design a new class of submarines, with Australian production beginning in the 2040s.

The three nations also agreed to share technology in cyber and quantum capabilities, AI, hypersonics and deep sea radar. 

In a confirmation hearing in March, Pentagon policy chief Elbridge Colby seemed leery of offering Australia nuclear-powered submarines while the U.S. struggles to produce enough for itself. 

‘If we can produce the attack submarines in sufficient number and sufficient speed, then great. But if we can’t, that becomes a very difficult problem because we don’t want our servicemen and women to be in a weaker position,’ Colby said.

Australia plans to increase its defense spending to 2.4% by the mid-2030s, but the U.S. is pushing it to boost that figure much faster. 

In a recent meeting in Singapore with Australian defense minister Richard Marles, Defense Secretary Pete Hegseth told Marles the U.S. wants to see Australia spend 3.5% on defense. 

Admiral Sam Paparo, head of Indo-Pacific Command, voiced support for the AUKUS initiative in April. 

‘AUKUS delivers something to INDOPACOM that is critical and could be a key advantage, and that is a Indian Ocean submarine base. This gives us faster response time to the South China Sea than in Hawaii, in Washington, in San Diego,’ Paparo said.

Congress has appropriated billions of dollars to boost submarine- and ship-building capabilities, but some lawmakers claim the Pentagon’s plans to do so remain opaque. Meanwhile, experts estimate that China’s shipbuilding capabilities are around 230 times higher than those of the U.S. 

Rep. Rosa DeLauro, the House’s top Democrat appropriator, pressed Hegseth on his shipbuilding plan in a hearing this week. 

‘There is a gap,’ Hegseth admitted, ‘but we believe we are closing it.’

However, DeLauro was not satisfied, demanding detailed data to back up that claim.

‘We do not have any information or data that can substantiate what you’re saying,’ she shot back. ‘Give us the details.’

‘We’ve had difficulty with the prior administration, and I don’t mind calling them out. What is your plan for the future?’

This post appeared first on FOX NEWS
Previous Post

RFK Jr. picks eight for vaccine panel after firing all 17 members

Next Post

Public opinion turns against Trump-backed tax and spending bill, new survey finds

Next Post
Public opinion turns against Trump-backed tax and spending bill, new survey finds

Public opinion turns against Trump-backed tax and spending bill, new survey finds

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Trump says Israel and Iran ‘have to fight it out’ but believes deal is possible

    Trump says Israel and Iran ‘have to fight it out’ but believes deal is possible

    June 16, 2025
    Israeli official rejects Trump’s call for Iran deal: ‘Outrageous’ to negotiate with ‘evil, jihadist regime’

    Israeli official rejects Trump’s call for Iran deal: ‘Outrageous’ to negotiate with ‘evil, jihadist regime’

    June 15, 2025
    Karine Jean-Pierre abandons Dems after years fiercely defending Biden policies

    Karine Jean-Pierre abandons Dems after years fiercely defending Biden policies

    June 15, 2025
    Former Clinton aide Huma Abedin, Alex Soros marry in swank Hamptons wedding packed with Dem heavyweights

    Former Clinton aide Huma Abedin, Alex Soros marry in swank Hamptons wedding packed with Dem heavyweights

    June 15, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved