The Philippines picks South Korean shipbuilder Hyundai Heavy Industries to build six offshore patrol vessels for the Philippine Navy for P30 billion.
MANILA, Philippines — The country has signed the contract for the purchase of six additional offshore patrol vessels (OPVs) from a South Korean company, the Department of National Defense said on Tuesday.
Defense Secretary Delfin Lorenzana and South Korean company Hyundai inked the agreement worth P30 billion during a contract signing ceremony in Camp Aguinaldo in Quezon City on Monday.
READ: Navy to order 6 more patrol vessels from South Korea
The OPVs measure 94.4 meters long, 14.3 meters wide, with a displacement of 2,400 tons, maximum speed of 22 knots, cruising speed of 15 knots and a range of 5,500 nautical miles, according to DND.