Hyundai Heavy Industries to expand overseas defense orders with warship project in Peru - Korea

On the 10th (local time), shipbuilding giant HD Hyundai Heavy Industries held a groundbreaking ceremony for the "Peru Warship Project" at Peru's state-run Sima Shipyard.
The ships to be built here are three types of warships (frigates, deep sea patrol ships, and landing ships), for a total of four ships.
The vessels will be built locally using the shipyard's facilities. They are scheduled to be delivered to the Peruvian Navy in stages starting in 2026. HD Hyundai Heavy Industries will provide Shima with cutting-edge design technology and shipbuilding know-how.
The project is based on a defense technology export contract that the company received in April 2024 from Peru, with the order amounting to approximately 640.6 billion won (approximately 68.6 billion yen).
As part of defense industry cooperation between South Korea and Peru, Hyundai Heavy Industries will cooperate with Ulsan University in January to invite 12 engineers from Sima Shipyard to the university.
The company plans to participate in the "Shipbuilding and Marine Engineering Education Program" to be held in Peru. It will also expand cooperation with Peruvian equipment and materials businesses to help strengthen the competitiveness of the local shipbuilding industry.
The company has signed partnership agreements with each of its overseas bases in the field of warships, and is building a local construction system and packaging technology transfers to build ships in Peru and other countries.
The company plans to advance its "Pacific Rim Belt Vision," which involves establishing overseas bases in the Philippines, Saudi Arabia, the United States, and other countries.