Air Chief Marshal Houston and General Peter Cosgrove yesterday dismissed the findings of a Centre for Independent Studies report which said the federal government should consider leasing Virginia-class nuclear submarines to save Defence more than $10 billion.
General Cosgrove said looking to cheaper options because of the federal government's budget constraints would damage the industry. "We are realists about the budget, but we also take a deep view of Australia's future and defence industry," he said.
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