Hanwha Ocean Selected as Preferred Bidder for South Korea's Next-Gen Destroyer Project
Quick Look
- Hanwha Ocean has been chosen as the preferred bidder for South Korea's next-generation destroyer project, valued at 7.8 trillion won ($5.1 billion).
- The company beat HD Hyundai Heavy Industries to secure the KDDX program, which will build six advanced Aegis destroyers.
AI-generated summary
Why It Matters
Hanwha Ocean has been selected as the preferred bidder for South Korea's next-generation Navy destroyer project, a significant defense contract worth 7.8 trillion won.
By Kim Eun-jung
SEOUL, July 2 (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 (US$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 (KDDX) 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.
Open Questions
- What are the specific technological advancements in the new destroyers?
- What is the timeline for the KDDX program's construction?
