Hyundai Heavy Industries (HHI) has won a $325.7 million contract to build two 2,600 ton frigates from Philippines national defense.
The frigates are scheduled to be handed over from 2020, The Korea Herald reported today.
The agreement was signed in Manila between Chung Ki-sun, the executive vice president of HHI Corporate Planning Office, and Philippines’ Defense Secretary Delfin Lorenzana.
The frigates will be designed to be a smaller light combatant and successor to the Incheon-class frigate, which is now in active service for Korean Navy.
The frigates are also tailored to the requirement of the Philippine Navy, with applying optimized range of good marine standard under naval rule from Lloyd Register, classification society.
The 107 meter frigates to be propelled with CODAD (Combined Diesel and Diesel) propulsion system with maximum speed of 25 knots can cover a 4,500-nautical mile range at cruising speed of 15 knots.
The frigates heavily armed with missiles, torpedo, guns and sensors controlled by the latest combat management system are capable of conducting Anti-Air Warfare, Anti-Surface Warfare, Anti-Submarine Warfare and Electronic Warfare.
The Korean company won the bidding in August after competing with companies from France and Spain. It carried out negotiations for two months afterward.