Lockheed Martin and Daewoo Shipbuilding & Marine Engineering (DSME) have entered into a agreement to partner on the multi-mission combat ship (MCS).
The MCS is a next-generation surface combatant that will be based on a DSME hull design, and is intended for the corvette market.
The partnership will bring together Lockheed's experience in developing and integrating complex systems for a range of US and international naval vessels, and DSME's expertise in producing naval vessels for the Republic of Korea and other international customers.
Lockheed Martin Mission System and Training Littoral Ships and Systems vice-president Joe North said: "DSME's MCS hull design coupled with Lockheed Martin's expertise in programme and systems integration will allow the team to bring this capable ship to the international marketplace at an affordable price."
The MCS is said to be a highly manoeuvrable, multi-role combatant featuring hallow draft, automation, and a flexible crew size.
It features an open technology that will help to integrate systems, sensors, and weapons capabilities.
The vessels will conduct anti-air, mine countermeasures, anti-surface, anti-submarine, and electronic warfare tasks.
DSME naval and special ship business management division head and vice-president Deog-Soo Kim said: "This Teaming Agreement on MCS and strategic cooperation will not only provide our customers with high capability vessels on time, but also further facilitate our two companies' joint efforts in exploring opportunities on a global scale.
"Moreover, the Korean Government is pursuing New-Economic Growth Activation by the Defense Industry as one of the state development agendas and this agreement is a good example of achieving the objective."
Both the companies are also exploring additional business opportunities in the international naval market.
Image: Officials of Lockheed Martin and DSME during signing of the teaming agreement. Photo: courtesy of Lockheed Martin Corporation.