Korea Warship Order Helps DSME Best 2013 Target

Daewoo Shipbuilding & Marine Engineering (DSME) has clinched a 322.6 billion won (US$305.8 million) deal to build a frigate that will help it exceed its 2013 order target of $13 billion, reports Yonhap News Agency.

Citing DSME, Yonhap informs that the contract with the Defense Acquisition Program Administration entails building and delivering the warship to the South Korean Navy by 2017.

The latest contract leaves Daewoo Shipbuilding with cumulative orders of 57 ships and offshore plants worth $13.6 billion for this year.

Source: Yonhap News Agency