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April 26, 2016

World

France beats rival bidders to $40 billion Australian submarine deal

France has beaten Japan and Germany to win a A$50 billion ($40 billion) deal to build a fleet of 12 submarines for Australia, one of the world's most lucrative defense contracts

A Shortfin Barracuda Block 1A, designed by DCNS specifically for the Royal Australian Navy as Australia intends to buy 12 new submarines, is seen in this illustration picture released by France's DCNS to Reuters on April 26,

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