The enterprise, according to the agreement, will lend their engineering support and advice during the construction of the vessel in Bangkok Dock , Thailand.
Bae Systems’ Naval Ships business commercial director Nigel Stewart said: "We’re looking forward to building and strengthening our relationship with Thailand’s shipbuilding industry.
"This contract to support delivery of a second Offshore Patrol Vessel to the Royal Thai Navy is a clear endorsement of our versatile Offshore Patrol Vessel design.
"With three of these ships already in service in Brazil and a further three Offshore Patrol Vessels under construction for the UK Royal Navy , our design continues to attract significant interest internationally."
Bae systems earlier had signed a technology transfer agreement with Bangkok Dock for the supply of design and technology of the 90m OPV for the Royal Thai Navy in June 2009 which saw the delivery of its first 90m (OPV) HTMS Krabi in 2013.
The new offshore patrol vessel is an evolution of the 80m River Class vessels used by the UK Royal Navy . It features a flexible design which enables its construction at different facilities to cater to both local and international customers to build ships under licensed design agreements using their own indigenous industries.
The 90m OPV ship can be configured with a variety of equipment according to the operational requirements of navies across the world.
The patrol ship will have a length of 90.5m, width of 13m and a displacement of 2,000t.
It will be equipped with a flight deck at the aft to operate the latest Merlin helicopters. It is capable of carrying two Pacific 24 rigid inflatable boats (RIBs).
The offshore patrol vessel is intended to carry out a range of economic exclusion zone management tasks such as maritime security, border control, routine patrols, anti-smuggling, counter-terrorism, counter-piracy, and fishery protection, as well as effective disaster relief. It can also be used for the protection of natural resources.
Bae Systems also built and delivered three 90m OPV patrol ships with a similar design to the Brazilian Navy under a £133m ($202m) contract.