Korea to make $1.1 bil. sub sale to Indonesia
By Jung Sung-ki
Daewoo Shipbuilding and Marine Engineering (DSME) has begun final-phase negotiations with the Indonesian government over the construction and sale of three 1,300-ton, Type-209 submarines valued at $1.1 billion, the company said Tuesday.
Korea’s biggest arms sale is expected to be completed by November.
Previously, a $400 million deal with Indonesia to sell 16 T-50 Golden Eagle supersonic trainer jets, jointly built by Korea Aerospace Industries and Lockheed Martin of the United States, was the biggest weapons sale.
“We have launched talks to sign a contract with Indonesia’s defense ministry,” the shipbuilder said in a statement.
DSME’s Communication Director Jeong Seong-dae told The Korea Times, “Both sides have long discussed the sale of Korean-built submarines, and now we are in the final stage of fine-tuning detailed requirements and contract terms,” said Jeong.
DSME competed with submarine powerhouses Germany, France and Russia to win the status of preferred negotiator.
The diesel/electric propulsion sub is built with technical assistance
Oct 11, 2011