Philippines to buy two new South Korean warships for P28B

[snoop1130]

The Department of National Defense signs a contract agreement with Hyundai Heavy Industries (HHI) for the acquisition of two (2) brand new corvettes worth PHP 28 Billion for the Philippine Navy in a virtual signing ceremony held on December 28, 2021.

Department of National Defense Facebook page

 

MANILA, Philippines — The Philippines has ordered two new warships from South Korea's Hyundai Heavy Industries, Defence Secretary Delfin Lorenzana said Tuesday, modernizing Manila's navy as it faces a dispute with Beijing in the South China Sea.

 

The Philippine Navy had become run down in recent decades —  even featuring US craft from World War II —  until President Rodrigo Duterte's predecessor, Benigno Aquino, began a modest modernization program in 2010.

 

Tuesday's P28 billion ($556 million) deal with the South Korean shipbuilding giant comes five years after the firm also won a contract to build two new frigates for the Philippine Navy.

 

Full Story: https://www.philstar.com/headlines/2021/12/28/2150570/philippines-buy-two-new-south-korean-warships-p28b

 

-- © Copyright Philstar 2021-12-28