Last Saturday, Defence Minister Reynolds released this statement.
Then on Monday - this.
The estimated cost of Australia’s future submarine program has hit nearly $90bn — a rise of nearly $10bn in just five months.
The forecast is a massive 12 per cent increase on the $80bn figure disclosed by Defence in November, and it doesn’t include the whole-of-life cost of about $145bn of sustaining the boats.
The cost jump, at least 12 years out from the delivery of the first submarines, comes amid calls for an urgent boost in the nation’s firepower to counter an increasingly assertive China.
On track to meet its major milestones Minister?
Don't financial measures count?
We should admit the error made by Turnbull et al, cut our losses and get out of this contract.