Market Chatter: HD Hyundai Heavy, Peru's Navy Sign Deal to Build NextGen Submarine

MT Newswires Live

2025/12/22

HD Hyundai Heavy Industries (KRX:329180) signed an agreement with Peru's Navy and the country's state-owned shipbuilding firm Sima on Friday to build the latest technology-equipped submarines.

The financial aspects of the deal were undisclosed. The shipbuilding is expected to begin in January 2026 and will run over 11 months, Reuters reported, citing an emailed statement.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The shipbuilding is expected to begin in January 2026 and will run over 11 months, Reuters reported, citing an emailed statement.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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