DND, SoKor shipbuilder ink deal for 2 new corvettes
SIGNED. Defense Secretary Delfin Lorenzana (center) shows the copy of the signed contract with South Korean shipbuilder Hyundai Heavy Industries in a virtual ceremony at the DND main office in Quezon City on Tuesday (Dec. 28, 2021). The contract is for the acquisition of two brand-new missile corvettes worth PHP28 billion for the Philippine Navy. (Photo courtesy of DND) MANILA - The Department of National Defense (DND) on Tuesday signed the PHP28-billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the acquisition of two brand-new corvettes for the Philippine Navy,...