02 December 2015

News Story: Japan submits bid for huge Australian submarine contract



Japan on Monday submitted its bid for Australia’s multi-billion dollar submarine contract, a deal that France and Germany are also desperate to win.

Australia has solicited bids for a project worth up to 50 billion Australian dollars ($36 billion) to replace its current diesel-electric Collins-class submarines, with a Monday deadline to submit final proposals.

A Defense Ministry official in Tokyo said Japan’s proposal includes plans to build the submarines in Australia, which is keen to secure more jobs in connection with the project.

The Abe administration substantially relaxed regulations on arms exports in April 2014. Winning the Australian sub deal would provide major impetus to Japan’s plans to export defense equipment to countries such as India and the Philippines.

Read the full story at Japan Times