Australia rules out Sweden for $39 billion submarine contract

February 20, 2015 12:42 AM

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SYDNEY (Reuters) - Australia will not partner with Sweden to build its next-generation submarine fleet, Prime Minister Tony Abbott said on Friday, narrowing the list of potential partners for the A$50 billion ($39 billion) program to Germany, France and Japan.

Swedish defense firm Saab, France's state-controlled naval contractor DCNS and Germany's ThyssenKrupp Marine Systems have expressed interest in the project.

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