HD Hyundai starts building four naval ships in Peru, boosting the local economy and South Korea's defense exports.

HD Hyundai Heavy Industries (HD HHI) has begun constructing four naval vessels, including a frigate, at Peru's SIMA Shipyard. The $530 million project aims to modernize the Peruvian Navy and boost the country's economy, with deliveries starting in 2026. This marks a significant step in South Korea's defense exports to Latin America and aligns with HD HHI's global expansion strategy.

2 months ago
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