[DISCLOSURE]
Daewoo Shipping and Marine Engineering (042660) announced on Dec. 7 that it has signed a 443.5 billion won (US$396.62 million) contract with Defence Acquisition Program Administration to build a surface vessel.
This amounts to 4 percent of its 2017 revenue and the contract is valid until Dec. 15, 2022.
By Hwang You-mee (
glamazon@heraldcorp.com)