Hyundai Heavy Industries of South Korea has stepped forward to compete for Greece’s multibillion-euro naval upgrade program by showcasing its advanced submarine designs. The company spotlighted its proven track record with the Korean Attack Submarine Program, having built six Sohn Won-yil-class (KSS-II) submarines and secured a $360 million contract for mid-life upgrades on the earliest vessels of the class. HHI also noted its delivery of the ROKS Shin Chae-ho, the last Batch I submarine of the KSS-III series.
During its engagement with the Greek naval authorities, Hyundai disclosed designs beyond submarines, indicating a strategic interest in deeper naval cooperation. The program, dubbed Aspida tou Achillea (Achilles’ Shield), aims to replace aging submarines and modernize Greek maritime capabilities, with a budget of approximately €28 billion ($32.5 billion) over 12 years. Key priorities include the acquisition of four new submarines and upgrades to the existing Papanikolis-class fleet.
Competitors vying for this crucial contract include South Korea’s Hanwha Ocean—with its Dosan Ahn Chang-ho-class model—Sweden’s Saab Kockums presenting the A26 (Blekinge-class), and European firms offering the Type 209NG and Scorpène Evolved. As Greece prepares to evaluate these proposals, the decision will shape the future trajectory of its naval forces and bolster indigenous shipbuilding capabilities.
