Korea Business News Agency - NSP NEWS AGENCY.

(서울=NSP통신) jeonghyun go Journal = Hyundai Heavy Industries achieved the goal of winning contracts earlier than expected with two frigate-orders for the Korean Navy.

Hyundai Heavy Industries signed the contract with Defense Acquisition Program Administration for 633.5 Billion Won-Worth Shipbuilding by two 2,800-ton frigates.

Including the latest contract, Hyundai Heavy Industries overachieved its goal of 13.2 billion dollars already through a total of 13.3 billion dollars-worth contracts with 153 ships this year.

The ships in the contract are No.7 and No.8 of the Korean navy’s FFG Batch-II project. The ships will be 22-meter-long and 14-meter-wide having a maximum speed of 30 knots(34.5 miles per hour).

NSP News Agency/NSP TV jeonghyun go Journalist, gojh89@nspna.com
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