Hanwha Ocean Co.'s shipyard in the southeastern city of Geoje is seen in this photo taken on March 12. (Yonhap) Hanwha Ocean Co. said Thursday it has been selected as the preferred bidder for South Korea's next-generation Navy destroyer project worth 7.8 trillion won ($5.1 billion).In a regulatory filing, Hanwha Ocean said the state-run Defense Acquisition Program Administration notified the company of the selection on Wednesday.Hanwha Ocean beat rival HD Hyundai Heavy Industries Co. to lead the Korea Destroyer Next Generation program, which aims to build six next-generation destroyers using domestically developed technologies.The envisioned 6,000-ton-class Aegis destroyers are expected to become one of the Navy's core strategic assets, offering capabilities comparable to those of the 7,100-ton King Sejong the Great-class Aegis destroyers, currently the service's most powerful warships. (Yonhap)
Hanwha Ocean picked as preferred bidder for W7.8tr Navy destroyer project
Hanwha Ocean Co. said Thursday it has been selected as the preferred bidder for South Korea's next-generation Navy destroyer project worth 7.8 trillion won ($5.
129 words~1 min read
