HD Hyundai Heavy Industries has signed a joint development contract for next-generation submarines for the Peruvian Navy with the state-owned SIMA Shipyard in Lima, Peru, and is embarking on its first submarine export project.

HD Hyundai Heavy Industries announced on the 21st that on the 19th (local time) in Lima, it signed the contract in the presence of Peruvian President José Jerí, Park Yong-yeol, Head of the Naval & Special Ship Business Unit at HD Hyundai Heavy Industries, and officials from both countries.

Under the agreement, HD Hyundai Heavy Industries will jointly design a next-generation submarine with the Peruvian Navy over approximately 11 months starting early next year. Once the submarine is delivered, it will mark the company’s first submarine export record. The company stated, “The Peruvian Navy’s operational area is a wide stretch of the Pacific coast with water depths exceeding 3,000 meters and complex seabed topography,” adding, “We will develop and deliver an optimal submarine that specifically reflects the Peruvian Navy’s requirements for this harsh environment.”

In addition to this submarine contract, HD Hyundai Heavy Industries has been maintaining defense industry cooperation with Peru, including signing a construction contract in April last year for a total of four vessels across three ship types. President Jerí said, “The contract between HD Hyundai Heavy Industries and SIMA Shipyard is a symbol of substantive strategic cooperation between the two countries,” adding, “We intend to pursue the project with strong determination.”

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