Australia Bets $68 Billion Navy Spend on Global Export Industry
- Frigate building contract winner to be declared next year
- Minister Pyne sees naval exports ‘worth billions of dollars’
The Royal Australian Navy landing helicopter dock ship HMAS Canberra moored at Sydney's Garden Island naval base.
Photographer: William West/AFP via Getty ImagesThis article is for subscribers only.
Australia wants more from its $68 billion investment in new ships and submarines than just a more capable navy.
With final bids due this month on a A$35 billion ($27 billion) contract for nine anti-submarine frigates, Defence Industry Minister Christopher Pyne said Australia is seeking a bigger role in naval shipbuilding.