SYDNEY (Reuters) - The Indo Pacific region is in the midst of a substantial arms race that Australia is responding to, not fuelling, with its planned acquisition of nuclear-powered submarines, Minister for Defence Industry Pat Conroy said on Tuesday.
The $245 billion AUKUS project with Britain and the United States to build a new class of nuclear-powered and conventionally armed submarine has been criticised by China as having the potential to spark an arms race.
"The arms race is the greatest its been since 1945, and that is why I reject assertions... that Australia is somehow fuelling that arms race.
"Conflict is far from inevitable," he said, adding that Australia cannot afford to under-invest in defence.
Australia's nuclear-powered submarine fleet will be used for intelligence gathering in peacetime and to strike enemy targets during a war, Conroy said.
Persons:
Defence Industry Pat Conroy, Conroy, AUKUS, Kirsty Needham, Gerry Doyle
Organizations:
SYDNEY, Defence Industry, National Press Club
Locations:
Australia, Britain, United States, China, Canberra, Southeast Asia, Philippines, South, Darwin