Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Wednesday it has signed a memorandum of understanding (MOU) with Polish defense firm WB Group to collaborate on a submarine project. The MOU was signed on the sidelines of MSPO 2024, an international defense industry exhibition held in Kielce, Poland, according to Hanwha Ocean. Hanwha Ocean said the partnership focuses on securing the Orka submarine construction project, part of the Polish government's naval modernization program. Hanwha Ocean and WB Group will work together on maintenance, repair, and overhaul (MRO) services and implement a localization strategy to strengthen their bid for the project. Looking ahead, both companies plan to expand their cooperation in the naval ship sector, aiming to enhance their long-term collaboration. "We believe WB Group will be a key ally in the success of our Orka submarine project," Hanwha Ocean said. "We are well-prepared to offer customized MRO solutions tailored to local needs." S ource: Yonhap News Agency