BBC News - South Korea wins Royal Navy tanker deal worth £452m
South Korea wins Royal Navy tanker deal worth £452m
The Royal Navy has chosen South Korean firm Daewoo for a £452m deal to build four new fuel tankers.
The 37,000-tonne Military Afloat Reach and Sustainability (MARS) tankers will allow the Royal Navy to refuel at sea.
The tankers, which are due to enter service in 2016, will each measure 200m in length and replace models that date back to the 1970s.
UK firms took part in the tender, but the Ministry of Defence (MoD) said none made a final bid to take part.
Despite being built in Korea, the UK has won £150m of associated contracts to assist the project.
These include £90m on UK contracts for equipment, systems, design and support services.
There will be a further £60m investment in the UK to be spent on customising the ships for the Royal Navy, trials and specialist engineering help.