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Australia Selects Contractor to Build New Submarine Fleet

Australia has chosen a French contractor to build its new fleet of submarines, turning away competing bids from regional allies Japan and Germany. Prime Minister Malcolm Turnbull announced Tuesday that naval contractor DCNS will build 12 new submarines for Canberra for an estimated $40 billion -- Australia's biggest-ever defense contract.  Turnbull said the offer from DCNS "represented the capabilities best able to meet Australia's unique needs."  The...

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