Australia inks landmark A$20B deal for Japanese stealth frigates [Yahoo! Finance]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Yahoo! Finance
at strengthening the Royal Australian Navy while signaling a shift in Tokyo's role as a global military exporter. Strategic fleet modernization Australian Defense Minister Richard Marles and Japanese Defense Minister Shinjiro Koizumi formalized the deal during a signing ceremony in Melbourne on Saturday. The contract, valued between A$15 billion ($10.8 billion) and A$20 billion, centers on the delivery of upgraded Mogami-class stealth frigates. "Our surface fleet is more important than at any time in decades," Marles said during the event. "These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet." The first three vessels are slated to be built in Japan, with the initial delivery expected by 2029. The Australian government plans for the remaining eight ships to be constructed domestically in Western Australia, marking a significant commitment to local industrial capacity alongs
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