Daewoo Shipbuilding and Marine Engineering will be commissioned to build the Navy's fourth Type-214 1,800-ton submarine equipped with high-tech missiles and sensor systems as part of programs to create an expanded submarine command by 2018, a military source said Monday. The Defense Acquisition Program Administration will ink a contract with Daewoo soon, the source said on condition of anonymity. Daewoo competed with Hyundai Heavy Industries, which constructed the first batch of three Type-214 submarines, for the bidding, he said.
The per-unit price will be about 110 billion won.
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