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Thread: Daewoo Shipbuilding Wins Huge U.K. Navy Contract

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    Daewoo Shipbuilding Wins Huge U.K. Navy Contract

    Daewoo Shipbuilding and Marine Engineering won bids to build four 35,000-ton next-generation support tankers for the British Royal Navy worth a total of US$700 million on Wednesday.

    This is third-largest order ever recorded in Korea's defense-related exports, following an order for $1.08 billion worth of submarines from Indonesia, and another for K-9 self-propelled artillery from Turkey worth $1 billion. It is also significant in that it was an export deal to Britain, which built the world's first modern warships.

    The British government announced that DSME had been chosen as the preferred bidder to build the new support tankers, which are tasked with supplying fuel, ammunition and food to warships.

    Three firms, including Daewoo, Hyundai Heavy Industries, and Italy's Fincantieri competed for the bid. The two Korean companies reportedly gained the upper hand due to their technological prowess and price competitiveness.

    British officials inspected them both in April and May last year, and also visited supply tankers of the Korean Navy. An official at Korea's Defense Acquisition Program Administration said, "We have secured a stepping stone to make inroads into the European market for military vessels."

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    Am I the only one in the United States who finds it disturbing that so many foreign firms are arming and equiping the US armed forces?
    Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
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    I just think it's odd that the MOD was forced to cut aircraft carriers two years ago to save money but now it's suddenly okay to start the shopping list again. We still don't have any money!
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    Quote Originally Posted by Cd. View Post
    Am I the only one in the United States who finds it disturbing that so many foreign firms are arming and equiping the US armed forces?
    They are building ship for the UK navy not the US navy.
    OBAMA FOR JANITOR 2012

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    Quote Originally Posted by Notalibtard View Post
    They are building ship for the UK navy not the US navy.
    Yes you are right.

    But all ship building has gone overseas.

    In fact the US Merchant Marine, the very same service which saved Europe in WWII no longer exists. Most trans-continental shipping is served by China or other nations.

    Its all rather disturbing.
    Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
    Abraham Lincoln



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