Australia and France sign deal to build 12 submarines

Australian Prime Minister Malcolm Turnbull, second right, stands with French Defense Minister Jean-Yves Le Drian, second left, Australian Defence Industry Minister Christopher Pyne, left, and Herve Guillou, chief executive officer of DCNS, a French state majority-owned company that will design the Shortfin Barracuda subs, as they look at a model of a submarine at the opening of the Australian headquarters of DCNS in Adelaide, Australia, Tuesday, Dec. 20, 2016. Australia and France signed an agreement Tuesday to build the world's largest diesel-electric submarines in the Australian industrial town of Adelaide.