HD Hyundai Heavy Industries signs LOI with Peru's SIMA for submarine project

The two shipyards are already jointly building four vessels for the Peruvian Navy, including a frigate, an offshore patrol vessel, and a landing support ship. Luis Silva, President of SIMA Shipyard, stated this is, "the first full-scale submarine joint development project for a South American navy".

Won-ho Joo, President of HD Hyundai Heavy Industries’ naval ships and medium-sized vessels division, said, “We expect that this joint development...will serve as an opportunity to further strengthen the Peruvian Navy’s capabilities by leveraging HD Hyundai Heavy Industries’ accumulated experience in submarine design and construction.”