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A new shipbuilding deal could be a test case that, if successful, could lead for years more work and millions more in deals for Seoul, in Peru and South America.
Korean defense firm Hyundai Rotem has been selected as a preferred bidder to export 30 K-808 White Tiger wheeled armored vehicles to Peru, the company said Thursday.
HD Hyundai Heavy Industries (HHI) has signed a contract to build four warships for the Peruvian Navy with local shipyard SIMA.
HD Hyundai Heavy Industries finalizes contract with Peru for four Naval vessels.
HD Hyundai Heavy Industries (HHI) and Hanwha Ocean have intensified competition to expand their presence in the rapidly growing global naval ship market, according to industry officials, Friday.