Hyundai, Philippines to co-operate on navy projects
South Korean shipbuilder Hyundai Heavy Industries (HHI) and the Philippines Department of National Defense (DND) have signed an agreement to expand collaboration on meeting the future requirements of the Philippine Navy (PN).
The memorandum of understanding (MOU) was signed on 8 November at the launch ceremony of the PN’s second HHI-constructed José Rizal-class frigate in Ulsan, South Korea. The first-in-class vessel was launched by HHI at the same location in May.
In a press release to publicise the launch, South Korea’s military procurement and export agency – the Defense Acquisition Program Administration (DAPA) – said HHI and the DND also signed an MOU that “reaffirms [the two sides’] commitment to defence co-operation and [to prepare] opportunities to increase the possibility of future orders [of naval vessels]”.
(Jane's)