The deal will cost Australia $368bn, but the strongest signal yet came this week that the US is not building enough subs for itself, let alone for Australia

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.

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