The Hanwha headquarters in Seoul / Yonhap

Hanwha Systems, the defense and ICT unit of Korean conglomerate Hanwha Group, said Monday it has signed a contract to supply its indigenous combat management system to the Philippine Navy, in a deal valued at $33 million.

The combat management system (CMS) will be installed in two 3,100-ton patrol combat corvettes, Hanwha Systems said in a release.

A CMS, known as the "brain" of the vessel, is designed to integrate all equipment, such as various sensors, weapons and communications systems, into one single system to help counter threats more efficiently during combat.

Hanwha Systems signed similar export deals with the Philippine Navy in 2017 and 2019 to supply CMS for use in five frigates. (Yonhap)