25 Mar 2022

Babcock and Daewoo Shipbuilding & Marine Engineering (DSME) sign a Memorandum of Understanding in Republic of Korea

Babcock, the aerospace, defence, and security company, has signed a Memorandum of Understanding (MoU) with one of Korea’s largest shipyards Daewoo Shipbuilding & Marine Engineering (DSME) to collaborate on systems integration programmes for future vessels.

This follows the MoU signing between Babcock and Hyundai Heavy Industries (HHI) in June 2021 to focus on the South Korean Navy’s future light aircraft carrier project opportunity, CVX.  

Babcock’s established in-country business Babcock Korea, in the Republic of Korea, brings a wealth of global experience in through-life programme support from concept, to design and build, to ongoing operational support of naval assets in the Republic of Korea and its South East Asian allies.

Babcock Korea has firmly reinforced its commitment to the Republic of Korea and its support to the Korean Ministry of National Defence (MND) through investment in an assembly, maintenance, repair and overhaul facility in Busan, where Babcock Korea currently assembles equipment for a growing number of Republic of Korea naval programmes.

Clinton Bixter, Director of Babcock Korea, signed the MoU on behalf of Babcock with Mr Jung from DSME and supported by the British Ambassador at DSME’s office in Seoul. The MoU’s recognise the current partnerships for system integration and collaboration on defence expertise for both surface and subsurface fleet in the Republic of Korea, and looks to expand our partnerships into the future.

John Howie, Babcock Group’s Chief Corporate Affairs Officer said: “We are delighted to be able to sign the Memorandum of Understanding with DSME in support of international opportunities.  Working alongside our CVX partner HHI, we will combine our experience across design and build and technology integration to build innovative systems integration solutions for vessels above and below the waterline. 

“Through our growing in-country business, continued long-term investment in our facility in Busan and collaboration with key partners both in Korea and internationally, Babcock is committed to supporting Korean industry in delivering systems integration solutions for the Republic of Korea. We look forward to continuing to work closely with all stakeholders and partners involved in this effort.”

W.S Jung, Sales Director for DSME Special ship division have stated: “Through cooperation with Babcock, we shall secure core technology required for fleet business and do our utmost to build the cutting edge fleet required by ROKN.”