Security & Military

Philippines signed $556 million deal with South Korea to purchase new warships

by Daily Sabah

The Philippines has ordered two new warships from South Korea’s Hyundai Heavy Industries (HHI), Defense Secretary Delfin Lorenzana said Tuesday, modernizing Manila’s navy as it faces a dispute with Beijing in the South China Sea.

The world’s largest shipbuilder also published a press release regarding the deal on Tuesday.

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

Tuesday’s 28 billion pesos ($556 million) deal with the South Korean shipbuilding giant sees the delivery of the corvettes by 2026.

Daily Sabah
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