France Wins $39B Contract to Build Australian Submarines

The transcript discusses the awarding of a $39 billion contract to France's DCNS to build submarines for Australia. It highlights the political and economic implications, including job creation in South Australia and the use of Australian steel. There are speculations about the initial build taking place in France before shifting to South Australia. The contract is seen as a political move ahead of the upcoming election.

Which company won the contract to build submarines for Australia?

• Australia's ASC

• Mitsubishi Heavy

• Germany's Marine Systems

• France's DCNS

What is the primary political benefit for Malcolm Turnbull in awarding the submarine contract?

• Reducing military spending

• Strengthening ties with France

• Boosting electoral support in South Australia

• Increasing international trade

How many jobs are expected to be generated by the submarine contract in South Australia?

• 3,500

• 4,200

• 2,800

• 1,500

What is the speculation regarding the initial construction of the submarines?

• Submarines will be built in Japan

• Construction will start in Germany

• The first submarine might be built in France

• All submarines will be built in South Australia

What is the expected impact on local industry from the submarine contract?

• Focus on renewable energy

• Reduction in local manufacturing

• Outsourcing to international companies

• Increased use of Australian steel