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Daewoo Shipbuilding and Marine Engineering signed a contract to build three submarines for the Indonesian navy. The contract calls for DSME to build three 1,400-tonne submarines for the Indonesian navy for a total of $1.1 billion, making the contract the largest single defence contract to be awarded to a Korean firm.
The vessels will be of 61.3 metres in length, and will be capable of carrying a crew of 40 sailors. The submarines will be fitted with eight weapon tubes for torpedoes and other weapons. The company plans to complete the contract by the first half of 2018.