Jun
28
Australia’s $26 Billion Warship Deal Goes to Britain’s BAE
ByContract to build nine anti-submarine frigates goes to BAE, beating out Italy’s Fincantieri and Spain’s Navantia
CANBERRA, Australia—BAE Systems has won a $26 billion contest to build nine anti-submarine frigates for Australia’s navy, as the U.S. ally seeks to bolster its navy against an Asian arms race and more assertive China.
Australian Prime Minister Malcolm Turnbull will announce Friday that a variation of the British arms maker’s Type 26 frigate has been chosen over competitors from Italy’s Fincantieri and Spain’s Navantia SA. The frigates will be built in Australia by local state-owned ASC Shipbuilding, which will become a BAE…
Australia’s $26 Billion Warship Deal Goes to Britain’s BAE
