Given the regular flow of dollars out of the country and into foreign economies, it bears mentioning that one ally has, in fact, extended financial support to help revitalize American shipbuilding. Australia, one of America’s closest and most dependable allies, is doing just that. A total of $3 billion will be provided to restore shipyards where the U.S. builds its submarines as part of AUKUS—a trilateral alliance the U.S. commits to with Australia and the United Kingdom.
Two foundational pillars
The alliance is built upon two foundational pillars:
Pillar I includes an agreement for Australia to purchase three Virginia-class submarines from the United States, with potential for an additional two to be ordered. Considering, however, that our current defense industrial base produces only 1.2 submarines per year, indeed a substantial investment was required to meet…
