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Australia selected Japan's upgraded Mogami-class frigate to replace its Anzac-class vessels, marking a significant arms deal for Japan. The $6.5 billion USD contract involves Mitsubishi Heavy Industries building three frigates in Japan and eight in Australia. This win follows a competitive bidding process involving German, South Korean, and Spanish designs. The deal strengthens the Australia-Japan alliance and represents a major export for Japan's defense industry, potentially opening further global opportunities.

Prepared by Rachel Morgan and reviewed by editorial team.