Australia’s $26 Billion Warship Deal Goes to Britain’s BAE

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CANBERRA, Australia—BAE Techniques has gained a $26 billion contest to construct 9 anti-submarine frigates for Australia’s navy, because the U.S. ally seeks to bolster its navy towards an Asian arms race and extra assertive China.

Australian Prime Minister Malcolm Turnbull will announce Friday that a variation of the British arms maker’s Sort 26 frigate has been chosen over opponents from Italy’s Fincantieri and Spain’s Navantia SA. The frigates will likely be in-built Australia by native state-owned ASC Shipbuilding, which can turn into a BAE…



Supply hyperlink – https://www.wsj.com/articles/australias-26-billion-warship-deal-goes-to-britains-bae-1530190803?mod=pls_whats_news_us_business_f

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