Australia Invests Nearly $20 Billion in Submarines, Solidifies Commitment to AUKUS

The three partner nations ’remain fully committed to this shared endeavour.’

U.S. President Joe Biden (C) speaks alongside British Prime Minister Rishi Sunak (R) and Australian Prime Minister Anthony Albanese (L) at a press conference during the AUKUS summit at Naval Base Point Loma in San Diego, Calif., on March 13, 2023. Jim Watson/Getty Images

To commemorate the first anniversary since the signing of the AUKUS Optimal Pathway agreement in San Diego, Australia, the United Kingdom, and the United States have issued a statement reiterating the importance of the pact to regional stability and security.

The Optimal Pathway is the name given to the arrangement for Australia to acquire conventionally armed, nuclear-powered submarines for the Royal Australian Navy, through AUKUS.