South Korean builder Daewoo International said that it would participate in the bid to build two diesel-powered submarines for the Indonesian Navy.
Daewoo International said it would submit specifications to supply two 1,400-tonne Type-209 submarines in a potential contract worth US$1.2 billion.
According to Antara News, the submarine's hulls each cost US$350 million and will be equipped with US$250 million worth of critical sonar and combat management systems.
