German engineering giant ThyssenKrupp is bidding for what could be the biggest contract in the company’s history.
But the 200-year-old firm, which merged two of Germany’s biggest steel and heavy armaments manufacturers, has a bidding war ahead of it against the Japanese and the French before it wins the contract, worth an estimated €35 billion.
The Japanese aren’t shy about demonstrating their technological prowess and are already planning a preemptive strike. They’re sending a state of the art Soryu class submarine and two warships to Australian waters next month, for a sub-hunting exercise in conjunction with the Australian Navy.
“It’ll be interesting to see how the French and the Germans react,” said Malcolm Davis of the Australian Strategic Policy Institute, a military think-tank.