Hyundai Heavy and ST Engineering Competing for Thailand's $530M Frigate Contract
South Korea’s Hyundai Heavy Industries and Singapore’s ST Engineering are among six finalists for a $530 million contract to supply an advanced frigate to Thailand’s Royal Thai Navy. The contract is part of Thailand’s efforts to enhance its maritime security. The competition highlights the growing demand for naval defense systems in the region.
Tickers: $HYD
Topics: defense contracts international business maritime security