Hanwha Ocean wins contract for two frigates

This photo, provided by Hanwha Ocean Co. on Nov. 10, 2023, shows a mock model of an Ulsan-class Batch-III frigate. The shipbuilder will build two such frigates under a contract worth 791.7 billion won (US$601.41 million) with the Defense Acquisition Program Administration. (PHOTO NOT FOR SALE) (Yonhap)

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