The South Korean Defense Acquisition Program Administration has awarded a contract to STX Offshore & Shipbuilding to build two frigates for the South Korean Navy.
Under the $201m contract, the company will deliver the frigates to South Korea by the end of 2015, according to Koreaherald News.
Further details regarding the vessels were not disclosed.
Currently, the nation has plans to procure 20 new frigates by 2020 under a naval build-up project.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData