SEOUL -(Dow Jones)- Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Monday it is talking with the Indonesian government about the possible sale of KRW1.2 trillion ($1.1 billion) worth of submarines to the Southeast Asian country, in what could be South Korea's biggest export of military equipment.
"We expect the talks to lead to a contract as we have a record of repairing two submarines for the Indonesian navy," a Daewoo Shipbuilding spokesman said, adding the company would be the first South Korean shipbuilder to export submarines.
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