← Back to the feed

Shipbuilding·KDDX

Hanwha Ocean Wins $5.1B KDDX Bid

1 source · first reported 2h ago

Hanwha Ocean has been selected as the preferred bidder for South Korea's KDDX next-generation destroyer program, valued at $5.1 billion. The KDDX program aims to develop a new generation of Navy destroyers for South Korea. Hanwha Ocean's selection marks a significant milestone in the program's progression.

Why it matters

The KDDX program is a crucial modernization effort for South Korea's Navy, enhancing its capabilities and technological advancements in destroyer technology. This development will significantly impact the region's naval balance and defense landscape.

AcquisitionNavyModernization
Prime/Industry 1
Single-source: Prime/Industry

Development timeline

How this story unfolded across sources, oldest first.