G-20 Summit: Australia says in talks with several countries on submarine purchase

BRISBANE (REUTERS) - Australia is holding talks with a number of countries on a contract to build replacements for Australia's aging submarine fleet, Prime Minister Tony Abbott said on Sunday at the G-20 leaders Summit in Brisbane.

Japan has been seen as the front-runner to sell Australia as many as 12 stealth submarines, but strong interest from manufacturers in Sweden, Germany and France and domestic political pressure has led to calls for his government to hold an open tender.