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Business/Financial

First of Three South Korean Aegis Destroyer Readies for Service

DDN

Tuesday, December 23rd, 2008

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Lockheed Martin's [LMT] 94th Aegis System entered active service Monday under the flag of the fifth nation to join the worldwide Aegis fleet - the Republic of Korea (ROK), the company said. DDG 991, Sejong the Great, the ROK's first of three Aegis-equipped KDX-III destroyers, was built and tested at Hyundai Heavy Industries (HHI) in Ulsan, Korea and commissioned in Pusan, completing an on-time, on-budget first-of-class delivery. Sejong the Great completed its combat system test program ahead of schedule and…

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