Mitsubishi Heavy Industries has been selected as the preferred bidder to build a new fleet of Australian frigates in a significant win for Japan’s defence industry.
The contract to build up to 11 frigates is worth as much as A$10bn ($6.5bn) in its first phase and was contested by bidders from Germany, South Korea and Spain as well as MHI.
A formal contract with the Japanese company will be concluded in 2026, according to the Australia government. It would be the first deal Japan has won to export warships, some of which will be built in Australia with a partner.
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