The Indonesian Government is likely to finalise a $1bn deal with South Korea for the purchase of three Type 209 submarines during the South Korean defence minister’s visit to Jakarta.

The South Korean ministry officials said Daewoo Shipbuilding and Marine would be chosen as the preferred bidder for Indonesia’s submarine acquisition programme if the deal is sealed.

“The Type 209 submarine, which the Indonesian Government is willing to purchase, was first developed by the Germans in the early 1970s and Korea bought the technology licence to produce it in the beginning stage.” the JoongAng Ilbo quotes a defence official as saying.

The 1,400t Type 209 vessel is a class of diesel-electric attack submarine and can be armed with eight bow 533mm torpedo tubes and 14 torpedoes.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

South Korean Defense Minister Kim will visit Indonesia from 7-9 September 2011.