[DISCLOSURE]
Daewoo Shipping and Marine Engineering (042660) announced on Nov. 14 that it has signed a 631.5 billion won (US$556.49 million) contract with Defence Acquisition Program Administration to build 2 surface vessels.
This amounts to 5.7 percent of its 2017 revenue and the contract is valid until Dec. 31, 2022.
By Hwang You-mee (
glamazon@heraldcorp.com)