HD Hyundai to co-develop next-gen submarine with Peru

HD Hyundai Heavy Industries on Friday signed a contract with the Peruvian Navy and Peru's state-run shipbuilder Servicios Industriales de la Marina to jointly develop next-generation submarines, marking the company's first-ever export of submarines in its push into the global defense market. The deal focuses on submarine design and follows a letter of intent signed during the Asia-Pacific Economic Cooperation summit in Gyeongju, North Gyeongsang Province, in November. The project is scheduled to