Daewoo CEO: Sub Deal Possible

Monday, August 29, 2011

According to a Dow Jones report, Daewoo Shipbuilding & Marine Engineering Co. expects Indonesia to name it as the preferred bidder for the country's submarine building contract in September. The reported deal will be for three submarines worth $1.2b.
(Source: Dow Jones)

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Contracts

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Navy

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Australia should discuss building its next-generation fleet of submarines overseas, the Department of Defence said on Monday, a shift that could open the door to

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

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