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Tuesday, October 11, 2011

Daewoo eyes $1.1 bln submarine deal with Indonesia by Nov

Changbogo-class (Type 209)Daewoo Shipbuilding & Engineering said on Monday that it aimed to seal a $1.1 billion agreement with the Indonesian government by November to build three submarines.

The South Korean shipbuilder said in a statement that this would mark the first exports of submarines from the country.

"We have launched talks to sign a submarine contract with Indonesia's defense ministry and marine," Daewoo said in a statement.

Source
om

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