Australia said Tuesday it accepted a Japanese company's bid for a lucrative and hotly contested contract to build Australian warships, expected to be worth 10 billion Australian dollars ($6.5 billion).
Mitsubishi Heavy Industries’ Mogami-class frigate won the deal over rival Germany’s MEKO A-200 from Thyssenkrupp Marine Systems. Japan’s government lobbied heavily for the deal after missing out on Australia’s submarines contract to a French company in 2016.
