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Thursday, April 12, 2012

Daewoo Shipbuilding Signs MOU to Build Ships For Peruvian Navy

[BAP Angamos (SS-31)]Daewoo Shipbuilding & Marine Engineering Co. said that it has signed a memorandum of understanding with Peru to build ships for the country's navy as part of the South Korean company's plan to raise exports of submarines and other military vessels.

"The initial pact gives us exclusive rights to build submarines and multi-role support ships if we clinch a final deal with the Peruvian government," said Daewoo Shipbuilding Chief Executive Ko Jae-ho.

The pact also includes maintenance and upgrades of submarines for the Peruvian Navy.

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