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SEOUL, Dec. 26 (Yonhap) -- South Korea's defense procurement agency said Thursday it signed a contract with Hyundai Heavy Industries to acquire a new next-generation landing ship LST-II.
It would be South Korea's second LST-II ship designed to land personnel, tanks and equipment simultaneously, after the first one that has been under construction by Hanjin Heavy Industries since 2011.
The new contract is worth 136.4 billion won (US$129 million), and delivery is set for 2016, the Defense Acquisition Program Administration said.
The agency said it also signed a 130.5 billion-won deal with Doosan DST to mass produce K-21 vehicles designed mainly to recover and tow tanks and self-propelled artillery.
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