Hanwha Ocean has added a comprehensive financing deal to its proposal to sell Poland submarines, the South Korean shipbuilder said on Friday, as it battles rival European bidders.Poland is seeking to buy
Hanwha Ocean has added a comprehensive financing deal to its proposal to sell Poland submarines, the South Korean shipbuilder said on Friday, as it battles rival European bidders.
Poland is seeking to buy three submarines under its "Orka" programme as part of an expansion of its military to counter what it says is a growing threat from Russia following Moscow's 2022 invasion of neighbouring Ukraine.
Polish media have reported that offers from fellow-NATO and European Union members Germany, Italy and Sweden were frontrunners in the multibillion-dollar programme, with a decision expected later this year.
Hanwha Ocean is offering its KSS-III Batch-2 vessels, with the first delivery possible early next decade, and an older KSS-I submarine, currently used by the South Korean navy, as an interim solution or "gap-filler" for the Polish navy to start training on as soon as 2028.
"Our reinforced proposal is built on three core areas: providing robust financial support, helping enhance Poland's defence capabilities, and deepening industrial cooperation with Polish partners," Jaemin Kim, Orka programme manager at Hanwha Ocean, told a press briefing in Warsaw.
"We know that financing is a critical enabler of the Orka programme, and that is why we are already working with
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