South Korea's Hyundai to build 2 brand new warships for PH Navy

MANILA, Philippines – The Philippines signed a contract with South Korea's Hyundai Heavy Industries (HHI) to build two brand new frigates for the Philippine Navy.

The signing completes the P16-billion (approximately $325 million) deal initiated by the Aquino administration, one of the big-ticket purchases meant to beef up the country's capability to patrol the West Philippine Sea (South China Sea). 

The administration of President Rodrigo Duterte continued the project, which is the first military contract to be inked under his administration. 

Defense Secretary Delfin Lorenzana announced the news on Twitter Monday night, October 24.

 

Hyundai was not the lowest bidder, but two other companies – Spanish Navantia SA and South Korea's Daewoo Shipbuilding and Marine Engineering Company – failed to meet technical requirements. 

The 2,600-ton ships, which will be 107 meters long and 12 meters wide, will be delivered by 2020, according to Hyundai.

Two former US coast guard ships are currently the Philippine Navy's most capable warships. – Rappler.com

$1 = P48.27