I'm worried we won't get any submarines. It's a submarine deal with no submarines.
AUKUS pillar one, what do the Americans get? They get 3 billion US dollars from Australia to support their shipbuilding programs. They get a naval base, submarine base, and a dockyard in Perth of enormous value to their navy. And their plan is to rotate some attack submarines, Virginia class submarines from Perth. Australia is meant to get three and possibly five Virginia class submarines, several second-hand ones with at least 20 years life left and the balance being new from the US.
But the US is not producing enough Virginia class submarines for their own needs. And what I'm saying now is absolute fact. You can read all about it in the Senate Armed Services Committee. They're producing about 1.2 a year. They need to be producing two. Their goal has been to get up to two for quite some years, but they have not been able to lift the production rate up be above 1.2. Congress when it authorized the AUKUS arrangement legislated that no boats can be sold to Australia unless the president certifies that the sale will not degrade the undersea capabilities of the United States. Admiral Caldwell, the Chief Naval Operations repeated the other day in testimony that the Americans have to get to 2.33 boats being delivered a year for them to be able to meet Australia's needs. They are literally producing half as many.
So, you know, you go back five or six years, they were proposing a sort of gradual increase like that. Now, because it's just bumped along the bottom and they've now got the SSBNs to build, to get to 2.33 you're talking about a vertical takeoff, which of course isn't going to happen. So, I don't think we'll get any Virginias. I don't think we can complain because the Americans will say we've been completely upfront with you. We told you about this. You knew the risks. You took it on. It was a terribly bad deal. Really stupid deal.
So, people used to say, "Oh, will Donald Trump like it?" Trump will look at it and say, "Wow, how did that guy Biden do a deal as good as this? These Australians are amazing. A there any more deals I can do with them? They've got so much money and so so little sense."