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S.Korea's HJ S&C eyes US Navy MRO market

Korea Economic Daily LogoKorea Economic Daily6h ago

S.Korea's HJ S&C eyes US Navy MRO market - Korea Economic Daily

Quick Summary:

HJ Shipbuilding & Construction Co.(HJ S&C) said on Wednesday it won a 124.7 billion won ($894 million) contract from the Defense Acquisition Program Administration (DAPA) to lead the performance upgrade and system development for 18 guided missile fast attack crafts (PKGs) for the South Korean Navy.

According to the company, DAPA and HJ S&C have proven to be effective next-generation fast attack craft, capable of carrying out anti-ship, anti-air, and electronic warfare missions.“Through this fast attack craft upgrade project, which will run through 2030, as well as our expansion into the overseas MRO market, we aim to enhance our competitiveness in the maritime defense industry," an HJ S&C source said.

PKG is a 440-ton fast attack craft (PKX-A) developed by the South Korean Navy to replace older high-speed vessels.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 12:07:21 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 205 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23912313

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 11 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 49 minutes ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #91

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