Australian government to buy Canberra-based radar company for nearly $500m
by Daniel Hurst Foreign affairs and defence correspon from World news | The Guardian on (#6B6S4)
Exclusive: Commonwealth will take control of CEA Technologies saying the company's phased array radar capabilities are a critical sovereign capability
The Australian government will spend nearly $500m to take majority ownership of a Canberra-based defence contractor that makes radar systems.
The deal to take CEA Technologies Pty Limited into public hands will ensure the continued development of Australia's radar capability in an increasingly complex strategic environment", the government says.
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