Hyundai Heavy Industries Receives Order for Two More Frigates

December 13, 2018 – Hyundai Heavy Industries (HHI) Group reports that it had beaten its 2018 annual target for shipbuilding orders before year’s end, recently concluding a contract to build two state-of-the-art frigates for the South Korean Navy. HHI announced today that Korea’s Defense Acquisition Program Administration (DAPA) has placed an order valued at KRW 633 billion (about $562 million) for two 2,800-ton class frigates. Capable of sailing at a maximum speed of 30 knots with an overall length of 122 meters and an overall beam of 14 meters, these…

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Raytheon Receives AMDR Production Contract

Raytheon Company has been awarded a $136 million production contract for AN/SPY-6(V)1 Air and Missile Defense Radar, the U.S. Navy’s next generation integrated air and missile defense radar. The award is an option exercised under the current low rate initial production contract and funds the fourth ship set of radar mission equipment. Since its inception in January 2014, the AMDR program has met 20 of 20 milestones, ahead of or on schedule. The radar has achieved a series of successes during the U.S. Navy’s AN/SPY-6(V)1 testing program, and remains on…

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