Daewoo to Build Korean Aegis Destroyer

According to reports, the Korean military acquisition agency yesterday selected Daewoo Shipbuilding & Marine Engineering Co. to build the country's second Aegis-equipped destroyer, officials at the Defense Acquisition Program Administration said. They said the DAPA will sign an official contract with Daewoo next month. Daewoo is expected to deliver the destroyer to the Navy by the end of 2010. The contract is part of the Korean Navy's KDX-III program to develop warships equipped with the U.S. missile combat system. The military will invest more than $3.2b to build three Aegis ships by 2012. The 7,000-ton vessel is equipped with long and mid-range vessel-to-air missiles, ship-to-ship missiles and torpedoes. Source: Korea Herald