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defence shipbuilding

HD Hyundai to Design Peru-Specific Submarine

HD Hyundai Heavy Industries has signed a joint development contract with the Peruvian Navy and SIMA Shipyard to design a Peru-specific next-generation submarine, with an 11-month design phase starting next January.

Hanwha cleared to take 19.9% of Austal

Hanwha Group has been authorised to lift its stake in Austal to 19.9%, overtaking Tata Rang Ventures’ 19.28% holding and becoming the Australian defence shipbuilder’s largest shareholder.

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