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Thursday, July 21, 2011

Korea Poised to Win Submarine Export Deal from Indonesia

Changbogo-class (Type 209)Indonesia is close to picking Korea's Daewoo Shipbuilding and Marine Engineering as the priority negotiating partner for a submarine project worth US$1.08 billion.

A senior government official said Taufik Kiemas, the speaker of the Indonesian People's Consultative Assembly, told Prime Minister Kim Hwang-sik on Wednesday morning that Daewoo is virtually certain to get the nod for the project.

"There still are some more processes to follow, but the deal will be struck, unless something comes up," the official said.

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