Australia will acquire a fleet of nuclear-powered submarines as part of a historic new pact between this country, the US and the UK.
The AUKUS alliance will see the US help Australia develop the capability to build nuclear submarines locally in Adelaide.
The new alliance was announced in a press conference on Thursday morning by US President Joe Biden, British Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison with the trio affirming a commitment to ensure stability in the Indo-Pacific region.
All three leaders were at pains to point out that the submarines will be conventionally armed, not nuclear armed, but powered by nuclear energy.
AUKUS is also likely to mean the end of the controversial $90 billion submarine deal between Australia and France despite Scott Morrison reaffirming his commitment to the deal with French President Emmanuel Macron just two months ago.
Today on Please Explain, North America correspondent Matthew Knott joins Nathanael Cooper to look at the new alliance.
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