The deal with the Defense Acquisition Program Administration entails producing and delivering the warship to the South Korean Navy by 2017, the shipbuilder said.

Under the deal, the shipyard will build an Incheon Class frigate equipped with anti-air defence and helicopter landing capabilities.

The vessel will have an overall length of 114m, width of 14m and a depth of 25m. The standard displacement of the ship is 2,300t. It can accommodate a crew of 145 to 170.