Source: Reuters (via feed)
Australia and Japan signed contracts on Saturday to launch a A$10 billion ($7 billion) deal. The agreement involves supplying Australia with warships. It is Tokyo’s most consequential military sale since ending a military export ban in 2014.
The contracts formalize the defense sale between the two countries. The deal is valued at A$10 billion, equivalent to about $7 billion. This military sale follows Japan’s 2014 decision to lift its military export ban.
BizTrendWire Insight:
The contract signing is the first major military export for Japan since 2014. The deal is a significant transaction between Japan and Australia.
The contract signing is the first major military export for Japan since 2014. The deal is a significant transaction between Japan and Australia.
