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Australia picks UK's BAE Systems for $26 billion warship deal

June 29, 2018 8:32 AM
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British defense company BAE Systems has bagged a contract worth billions to build new warships for Australia.

BAE (BAESF) beat out competition from Italy's Fincantieri and Spain's Navantia for the 35 billion Australian dollar ($26 billion) program to provide the new anti-submarine warfare frigates.

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