Daewoo Eyes $1.1 bln Submarine Deal with Indonesia by Nov

10 Oktober 2011

DSME get technology transfer of Type 209 submarine (1200 tonnes) from Germany in the early 1990s. Through continuous technical development is a proprietary 1,400-ton submarines for export and features a variety of torpedoes and mines, and can launch missiles. (photo : daum)

(Reuters) - Daewoo Shipbuilding & Engineering said on Monday that it aimed to seal a $1.1 billion agreement with the Indonesian government by November to build three submarines.
The South Korean shipbuilder said in a statement that this would mark the first exports of submarines from the country.

"We have launched talks to sign a submarine contract with Indonesia's defense ministry and marine," Daewoo said in a statement.

(Reuter)