SYDNEY, April 26 (Reuters) - France's state-controlled naval contractor DCNS Group has been awarded a A$50 billion ($40 billion) contract to build Australia's new fleet of submarines, Australian Prime Minister Malcolm Turnbull said on Tuesday.
Australia will buy 12 new submarines, a centerpiece of its defence strategy unveiled in February, and build them in South Australia Turnbull said, confirming an earlier Reuters report.
France's state-controlled naval contractor DCNS has proposed a diesel-electric version of its 5,000-tonne Barracuda nuclear-powered submarine.