South Korea's HD Hyundai Begins Warship Project with Peru's SIMA; Shares Decline 3%

MT Newswires Live

2025/01/13

HD Hyundai Heavy Industries (KRX:329180) launched its joint project with SIMA Peru to build four warships for the Peruvian Navy, the South Korean shipbuilder said Saturday.

The four vessels comprise a frigate, an offshore patrol vessel, and an amphibious landing ship.

The construction is part of the Peru Warship project, a 640.6 billion won defense export contract awarded to HD Hyundai Heavy in April 2024, HD Hyundai Heavy said.

Shares of the shipbuilder fell more than 3% in recent trade on Monday.

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