A Korean company and an American company are planning to build Aegis naval vessels together to sell to other countries.
Shipbuilder Hyundai Heavy Industry and jet fighter manufacturer Lockheed Martin Corporation announced Tuesday that they will combine their expertise to develop new 4000 to 6000 ton naval ships. A Lockheed Martin official said that the two companies are working on marketing their products to India and other countries.
The Aegis will be equipped with an advanced SPY-1F radar system. Hyundai Heavy and Lockheed Martin have worked together for about four years on various military projects.