BBC: France wins A$50bn Australia submarine contract
France has won a A$50bn (€34bn; £27bn) contract to build 12 submarines for the Australian Navy, beating bids from Japan and Germany.
The deal, announced by Prime Minister Malcolm Turnbull, is Australia's largest-ever defence contract.
The Shortfin Barracuda submarines will be built in Adelaide using Australian steel, creating 2,800 jobs, he said.
Japan, which had been a frontrunner in the contest, said the decision was "deeply regrettable".
Defence Minister Gen Nakatani said Japan would "ask Australia to explain why they didn't pick our design".
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