By Lee Hyo-sik
Daewoo Shipbuilding & Marine Engineering (DSME) will supply submarine parts valued at 215 billion won ($190 million) to Hyundai Heavy Industries (HHI), the company said Friday.
DSME signed a supply contract with Hyundai Heavy to deliver three parts essential for a 3,000-ton submarine by 2021. HHI won a contract from the Defense Acquisition Program Administration (DAPA) last year to construct the third 3,000-ton submarine as part of the 10 trillion won Chang Bogo-III project.
In 2012, DSME was chosen to build the first and second submarines, which are now under construction. The same parts are also used in the first two submarines.
"We have accumulated extensive technological knowhow and expertise over the past three decades," a DSME official said. "DSME has succeeded in producing key submarine parts, using only domestically developed technologies. Based on our advanced technological prowess, we have been able to export submarines, making Korea the world's fifth country to do so, after Britain, France, Russia and Germany."
DSME has been cooperating with the Ministry of National Defense and private defense firms to develop and produce sonar, engines, weapons systems and other key submarine components, the official said. "We will continue to invest to further enhance our technological knowhow and export submarines to more countries."
Under the Chang Bogo-III project, Korea plans to secure nine 3,000-ton submarines in three batches. The first three submarines are scheduled to be commissioned between 2020 and 2024.
Since 1987, DSME has won deals to build 17 submarines, including three for Indonesia. It has already delivered 12, with the remaining five under construction.
On Aug. 2, the shipbuilder became the first Korean company to export a submarine when it handed over a 1,400-ton diesel-electric submarine to the Indonesian Navy.
It is the first of three submarines commissioned by the Southeast Asian country under a $1.1 billion deal.
The construction of the second submarine will be completed later this year, while the third will be made in block form here, shipped to Indonesia and assembled there by 2018.
The vessel can cruise for 18,520 kilometers without making a port call, twice the distance from Busan to Los Angeles. The made-in-Korea submarines are expected to serve in Indonesia's Navy for 30 years.
Daewoo Shipbuilding & Marine Engineering (DSME) will supply submarine parts valued at 215 billion won ($190 million) to Hyundai Heavy Industries (HHI), the company said Friday.
DSME signed a supply contract with Hyundai Heavy to deliver three parts essential for a 3,000-ton submarine by 2021. HHI won a contract from the Defense Acquisition Program Administration (DAPA) last year to construct the third 3,000-ton submarine as part of the 10 trillion won Chang Bogo-III project.
In 2012, DSME was chosen to build the first and second submarines, which are now under construction. The same parts are also used in the first two submarines.
"We have accumulated extensive technological knowhow and expertise over the past three decades," a DSME official said. "DSME has succeeded in producing key submarine parts, using only domestically developed technologies. Based on our advanced technological prowess, we have been able to export submarines, making Korea the world's fifth country to do so, after Britain, France, Russia and Germany."
DSME has been cooperating with the Ministry of National Defense and private defense firms to develop and produce sonar, engines, weapons systems and other key submarine components, the official said. "We will continue to invest to further enhance our technological knowhow and export submarines to more countries."
Under the Chang Bogo-III project, Korea plans to secure nine 3,000-ton submarines in three batches. The first three submarines are scheduled to be commissioned between 2020 and 2024.
Since 1987, DSME has won deals to build 17 submarines, including three for Indonesia. It has already delivered 12, with the remaining five under construction.
On Aug. 2, the shipbuilder became the first Korean company to export a submarine when it handed over a 1,400-ton diesel-electric submarine to the Indonesian Navy.
It is the first of three submarines commissioned by the Southeast Asian country under a $1.1 billion deal.
The construction of the second submarine will be completed later this year, while the third will be made in block form here, shipped to Indonesia and assembled there by 2018.
The vessel can cruise for 18,520 kilometers without making a port call, twice the distance from Busan to Los Angeles. The made-in-Korea submarines are expected to serve in Indonesia's Navy for 30 years.
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