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CBO Values U.S. Sub Sales To Australia At $3 Billion Each, Estimates Timelines And Budget Impacts

Rich Abott By
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CBO Values U.S. Sub Sales To Australia At $3 Billion Each, Estimates Timelines And Budget Impacts
United States Navy Virginia-class submarine USS North Carolina (SSN-777) arrived at Fleet Base West, Rockingham, Western Australia in August 2023 following participating in the international Talisman Sabre exercise. The nuclear-powered submarine was in Australia for a routine visit to provide respite for the crew (Photo: U.S. Navy)

A Congressional Budget Office (CBO) cost estimate report published Nov. 3 estimates a House bill allowing U.S. submarine sales to Australia would sell at $3 billion each and the overall effort would ultimately provide over $4.5 billion in deficit decreases. The House Committee on Foreign Affairs unanimously passed H.R. 4619, the AUKUS Submarine Transfer Authorization Act, in July. It authorizes the sale of up to two Virginia-class attack submarines (SSNs) to Australia within 15 years of enactment, permits collecting foreign…

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