PN HHi Corvette News

April 5, 2024: DBM releases fourth Milestone Payment for HHI Corvettes of the PN

The Department of Budget and Management (DBM) recently released the fourth Milestone Payment worth Php 6 billion for the acquisition of the two brand new Corvettes of the Philippine Navy (PN) from Hyundai Heavy Industries (HHI) in South Korea (SK). 

The first Milestone Payment worth Php 3.75 billion was released in December of 2021, the second worth Php 3 billion in May of 2022. The third worth Php 6 billion was released in May of last Year of 2023. The first Corvette will be delivered in 2025 and the second in 2026.

Here is the Link to the Article at the Philippine News Agency (PNA) Website: https://www.pna.gov.ph/articles/1222094

SOURCE: DBM releases 4th Milestone Payment for Navy Missile Corvette Project {Archived Link}

March 12, 2024: PN starts Training for Crew of its brand new Corvettes from SK

The Philippine Navy (PN) just announced that it has started training its Sailors on how to operate the new Corvettes that are being acquired from South Korea (SK), the first of which will arrive on the second half of next Year of 2025. 

They will eventually be sent to SK later to train with the Original Equipment Manufacturers (OEM) of the Vessels. The second Corvette will be delivered in 2026

Here is the Link to the Article at the Philippine News Agency (PNA) Website: https://beta.pna.gov.ph/articles/1220577

SOURCE: Navy starts training on operations of S. Korean-made Corvettes {Archived Link}

November 22, 2023: HHI cuts Steel for second Corvette while laying Keel for the first Corvette of the PN

The South Korean Company Hyundai Heavy Industries (HHI) laid down the Keel in South Korea (SK) for the first of two brand new and modern Corvettes for the Philippine Navy (PN) recently. At the same time, they also made the first Steel Cutting for the second Corvette. 

The Corvettes will be based on HHI’s HDC-3100 Corvette, will be 118 long, 14.9 m wide and weigh 3,200 tons. Its Cruising Speed will be 28 kph and Range will be 8,334 km, and will be armed with a 76 mm caliber Main Gun, 16-cell Vertical Launch System (VLS) and eight Anti-Ship Missiles.

Here is the Link to the Article at the Jane’s Website: https://www.janes.com/defence-news/news-detail/hyundai-lays-keel-for-first-philippine-corvette-cuts-steel-for-second

SOURCE: Hyundai lays Keel for first Philippine Corvette, cuts Steel for second {Archived Link}

September 6, 2023: 2 Corvettes to be delivered in 2025-2026, 6 OPVs in 2026-2028 for the Philippine Navy

The Vice Commander of the Philippine Navy (PN) Rear Admiral Caesar Bernard Valencia reiterated to the Press again recently that two brandnew Corvettes will be delivered in 2025 to 2026 while six Offshore Patrol Vessels (OPV) will be delivered from 2026 to 2028. 

The Contract for the Corvettes was signed in 2021 and is worth Php 28 billion while the Contract for the OPVs is worth Php 30 billion

SOURCE: PH Navy, makakakuha ng 2 brand-new Corvettes sa 2025 at 2026 {Archived Link}

Check out the Links to my other Social Media Accounts at https://linktr.ee/rhk111

Don’t forget to click on the Ads or to donate to help support this Website.