German submarine builder warns Australia of Japanese risk

March 17, 2016 4:57 AM

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CANBERRA, Australia – A German executive vying for a lucrative Australian submarine contract says awarding the contract to Japan could damage Australia's relationship with China.

German's ThysennKrupp Marine Systems, Japan's Mitsubishi and French company DCNS are in the running to build 12 conventional submarines that the Australian navy expects will cost at least 56 billion Australian dollars ($43 billion).

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