Australia awards $26b warship deal to UK's BAE

SYDNEY - Australia awarded a US$26-billion contract to build a new generation of warships to British defence giant BAE Systems on Friday, as the Pacific nation undertakes an ambitious naval programme in part to counter China. The lucrative deal - worth 22.4 billion euros or AUD$35 billion - is a major boon for London-listed BAE, which has ...

from International News https://ift.tt/2tCyDSn

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