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Tuesday, June 16, 2015

BAE pulls pin on patrol boat bid

BAE SystemsAustralia's biggest defence company BAE Systems won't be bidding to build new patrol boats on grounds it would not be viable to rebuild a workforce for a $600 million project it might not win.

BAE was the first company to put its hand up for the work but indicated on Tuesday the timing was all wrong.

Even if a tender was awarded in the first quarter of 2017 - and there's no guarantee BAE would win - production would not start for about a year.

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