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World Economy Apr 19, 2026

Australia and Japan Ink $7 Billion Warship Pact to Boost Pacific Naval Power

Australia and Japan signed contracts in Melbourne on April 19, 2026 for the first three of 11 warsh…
Australia and Japan signed contracts in Melbourne on April 19, 2026 for the first three of 11 warships in a $7 billion defence deal, aiming to deepen bilateral security cooperation amid a tightening regional threat environment.Defence Minister Richard Marles and his Japanese counterpart Shinjiro Koizumi announced the agreement at a ceremony for the new Mogami‑class stealth frigates.The so‑called “Mogami Memorandum” pledges tighter military ties, including closer industrial cooperation on future defence projects.Japan’s Mitsubishi Heavy Industries will construct three of the frigates in Nagasaki Prefecture, while Australian shipbuilder Austal will produce the remaining eight in Western Australia.The first Japanese‑built vessel is slated for delivery in 2029 and entry into service by 2030, bolstering Australia’s surface fleet – a capability Marles described as “more important than at any time in decades.”Koizumi warned that a “increasingly severe security environment” makes deeper defence coordination essential for both nations.Australia’s recent decision to award the contract to Mitsubishi followed a competitive bidding process that also involved Germany’s Thyssenkrupp.In parallel, Canberra has pledged a record $305 billion in military spending over the next ten years, part of a broader overhaul that seeks to raise defence outlays to 3 % of GDP by 2033, the highest level since World War II.Both countries, close allies of the United States and members of the Quad security forum, have accelerated cooperation in response to China’s expanding influence and broader shifts in the Asia‑Pacific security landscape.
#australia #japan #austal
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Video Mar 26, 2026

US Defence Chief Claims Iran's Naval Capabilities Severely Impaired

The US Pentagon chief has stated that Iran's naval capabilities have been significantly weakened, t…
The US Pentagon chief has made a bold claim regarding Iran's naval capabilities, stating that the country effectively no longer has a navy or a leader to command it. This assertion suggests a significant weakening of Iran's naval power, which could have implications for regional and global security dynamics.The statement comes at a time when geopolitical tensions in the Middle East remain high, with various actors vying for influence and power. The Pentagon's assessment of Iran's naval capabilities could be seen as part of a broader narrative about the shifting balance of power in the region.However, without specific details on the criteria used to make this assessment, it's challenging to fully evaluate the claim. Iran's naval capabilities have been a subject of interest for international observers, given the country's strategic location in the Persian Gulf and its past military engagements.
#navy #pentagon #boss
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