SYDNEY (Reuters) - Japan's most advanced attack submarine will participate in joint military exercises with Australia next month, its Ministry of Defence said, in what analysts see as a bid to win a A$50-billion (25 billion pounds) defence contract.
The race to build Australia's next submarine fleet has narrowed to France's state-controlled naval contractor DCNS, and Japan's Mitsubishi Heavy Industries and Kawasaki Heavy Industries, touting a variant of their Soryu product.
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