Why is Australia spending up to $368bn on submarines?

Published: March 14, 2023, 2 p.m.

b'On Tuesday new details of the Aukus agreement \\u2013 described as the most significant multilateral defence partnership in generations \\u2013 were unveiled. Australia\\u2019s acquisition of nuclear-powered submarines is meant to increase security and stability in the Indo-Pacific but the cost will be eye-watering and the project has drawn criticism from world leaders and former prime ministers. Laura Murphy-Oates speaks to Guardian Australia\\u2019s foreign affairs and defence correspondent, Daniel Hurst, about the risks and rewards of the Aukus agreement'