HHI wins contract to build two frigates for Philippine Navy
Oct 24, 2016
[THE INVESTOR] Hyundai Heavy Industries won a contract to build two frigates for the Philippines Navy, the company said Monday. Chung Ki-sun, the executive vice president of HHI Corporate Planning Office, and Philippines’ Defense Secretary Delfin Lorenzana signed an agreement in Manila to build two 2,600-ton frigates worth 370 billion won ($325.7 million). The 107-meter long frigates with a width of 12 meters will be propelled with a combined diesel and diesel (CODAD) propulsion system with max