Indonesia to Buy Korean Submarines

Tuesday, October 11, 2011

Daewoo Shipbuilding and Marine Engineering reportedly has been awarded exclusive negotiator status to sign a W1 trillion export contract for diesel submarines with the Indonesian Defense Ministry and Navy, according to a report on Korea was in competition with Russian, French and German firms. The winning bidder will build three 1,400-ton subs reportedly worth W1.2 trillion, making it Korea's single biggest arms export.

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