Bike Loan Finance Online :: News
SHARE

Share this news item!

Australia Partners with Japan's Mitsubishi for New Naval Frigates

Strategic Defense Collaboration Strengthens Regional Security

Australia Partners with Japan's Mitsubishi for New Naval Frigates?w=400
In a significant move to bolster its naval capabilities, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 new Mogami-class frigates.
This decision marks the largest defense industry agreement between Japan and Australia to date and represents one of Japan's most substantial defense exports.

The selection process saw Mitsubishi's proposal outshine Germany's Thyssenkrupp Marine Systems, with the Japanese bid offering superior cost-effectiveness, advanced capabilities, and timely delivery schedules. Under the agreement, the first three frigates will be constructed in Japan, with the initial vessel expected to enter service by 2030. The remaining eight ships will be built in Australia, fostering local industry participation and expertise.

These state-of-the-art frigates are designed for versatility and efficiency. They boast a range of 10,000 nautical miles and are equipped with 32 vertical launch cells capable of deploying long-range missiles. Notably, the vessels require a smaller crew compared to existing ships, addressing manpower challenges and operational costs.

This strategic partnership comes amid escalating regional tensions, particularly in the South China Sea, and underscores the deepening defense cooperation between Japan and Australia. The collaboration reflects a shared commitment to maintaining regional stability and security.

Final contract negotiations are underway, with a binding agreement anticipated by 2026. This initiative is part of Australia's broader AU$55 billion investment in naval assets over the next decade, aiming to modernize and enhance the Royal Australian Navy's operational readiness.

Published:Tuesday, 7th Oct 2025
Source: Paige Estritori

Share this news item:

Finance News

Australian Motorcycle Sales Experience Downturn in Early 2025
Australian Motorcycle Sales Experience Downturn in Early 2025
05 Oct 2025: Paige Estritori
The Australian motorcycle market has experienced a slight decline in sales during the first quarter of 2025, with a 3.5% decrease compared to the same period in 2024. This downturn reflects the broader economic challenges affecting discretionary spending among consumers. - read more
KTM Secures €600 Million Funding to Complete Restructuring Plan
KTM Secures €600 Million Funding to Complete Restructuring Plan
27 Sep 2025: Paige Estritori
Austrian motorcycle manufacturer KTM AG has successfully secured €600 million in funding to meet its debt obligations, marking a significant milestone in its ongoing financial restructuring. This development ensures the company's stability and continued operations in the global motorcycle market. - read more
Peter Stevens Motorcycles Enters Voluntary Administration Amid $65.9 Million Debt
Peter Stevens Motorcycles Enters Voluntary Administration Amid $65.9 Million Debt
27 Sep 2025: Paige Estritori
Peter Stevens Motorcycles, a cornerstone of Australia's motorcycle retail industry since 1970, has entered voluntary administration, revealing debts exceeding $65.9 million. This development casts uncertainty over the future of its 400 employees and numerous customers. - read more
Harley-Davidson Explores Sale of Financing Unit Stake Amid Market Challenges
Harley-Davidson Explores Sale of Financing Unit Stake Amid Market Challenges
26 Sep 2025: Paige Estritori
Harley-Davidson, the iconic American motorcycle manufacturer, is reportedly in discussions to sell a stake in its financing unit, Harley-Davidson Financial Services (HDFS). The potential deal, valued at around $5 billion, involves negotiations with Pacific Investment Management Co (PIMCO) and KKR & Co, according to Bloomberg News. - read more


Bike Loans Articles

Planning Your First Long Ride: Tips for New Motorbike Owners
Planning Your First Long Ride: Tips for New Motorbike Owners
If you've just joined the ranks of motorbike owners, you're in for an unforgettable adventure. Owning a motorbike isn't just about getting from point A to B; it's about the thrill of the ride, the open road, and the freedom that only two wheels can offer. - read more
Essential Tips for New Motorbike Owners: Start Your Ride Right
Essential Tips for New Motorbike Owners: Start Your Ride Right
Owning a motorbike is more than just transportation; it's a lifestyle choice that brings with it a unique sense of freedom and exhilaration. Whether you're weaving through city traffic or enjoying a weekend getaway down the Great Ocean Road, the experiences ahead are limitless. - read more
How Prequalifying for a Bike Loan Can Make Your Purchase Hassle-Free
How Prequalifying for a Bike Loan Can Make Your Purchase Hassle-Free
Buying a bike can be an exciting journey, but navigating the financial aspect can sometimes feel overwhelming. This is where prequalifying for a bike loan can make all the difference. But what exactly does prequalifying mean? - read more
Understanding Insurance: What Every New Motorbike Owner Needs to Know
Understanding Insurance: What Every New Motorbike Owner Needs to Know
The experience of riding a motorbike is unmatched, offering a sense of freedom and adventure. But along with the excitement comes the responsibility of ensuring that both you and your bike are protected. - read more


Free Assessment

Loan Amount:
Postcode:
All quotes are provided free (via our secure server) and without obligation. We respect your privacy.

Knowledgebase
Consumer Credit Code:
An act of Parliament that governs the relationship that exists between borrowers and lenders.