A model of the Korea Destroyer Next Generation is displayed at an exhibition in Busan's Haeundae District on June 7, 2023. [YONHAP]
HD Hyundai Heavy Industries (HHI) submitted a bid for the Korea Destroyer Next Generation (KDDX) program, ending two weeks of speculation about whether the company would participate after withdrawing from the first tender.
The company is now set to compete with Hanwha Ocean for the 7 trillion won ($4.66 billion) project to build six 6,000-ton destroyers in the second bidding after the first was delayed when HD HHI declined to register by the May 14 deadline.
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"HD Hyundai Heavy participated in the bid based on its top-tier shipbuilding capabilities, with the aim of contributing to the strengthening of the Korean Navy and the advancement of the national defense industry," the company said in a statement. "As Korea's leading naval shipbuilder, we will do our best with a responsible approach until the end to ensure the success of the KDDX program."
