₱5B released for missile system, combat choppers | Global News

₱5B released for missile system, combat choppers

/ 02:55 PM December 29, 2021

MANILA, Philippines—The Philippines’ budget department has released initial funding worth nearly P5 billion for the armed forces’ planned acquisition of shore-based anti-ship missile system and combat utility helicopters.

Two special allotment release orders (SARO), worth P1.3 billion and P1.535 billion, were issued by the Department of Budget Management (DBM) last Dec. 27 for the shore-based anti-ship missile system for the Philippine Navy.

The SARO allows the Department of National Defense to finalize the contract.

Article continues after this advertisement

A senior security official told Inquirer.net that a notice of award (NOA), a written confirmation of the grant of a contract to a successful project proponent, is currently “on process” for the missile system.

FEATURED STORIES

The Philippines was expected to acquire India’s BrahMos supersonic cruise missiles under a government-to-government deal.

The Philippines and India have signed an “implementing agreement” early this year for the potential procurement of BrahMos missile and other Indian defense equipment.

Article continues after this advertisement

The missile system, which can be used for coastal defense and ground attack, would boost Philippine military firepower in the face of threats to its maritime territory, coming mainly from Chinese aggression in the South China Sea.

Article continues after this advertisement

A SARO worth P1.6 billion was also issued by the DBM last Dec. 27 to cover the initial funding for combat utility helicopters for the Philippine Air Force.

Article continues after this advertisement

Defense Secretary Delfin Lorenzana had announced that the DBM has approved the funding for additional 32 Black Hawk combat utility helicopters worth P32 billion and six offshore patrol vessels for the Philippine Navy worth P30 billion.

On Tuesday (Dec. 28), Lorenzana signed a P28 billion contract with South Korea’s Heavy Hyundai Industries for two corvettes for the Philippine Navy.

TSB

RELATED STORY
PH eyes deal with India for world’s fastest supersonic missiles
Lorenzana: Budget constraints delay BrahMos deal
PH readies military shopping spree months before Duterte gone

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

For comprehensive coverage, in-depth analysis, visit our special page for West Philippine Sea updates. Stay informed with articles, videos, and expert opinions.

TAGS: Black Hawk, China aggression, Department of National Defense, missiles, modernization, Philippine Air Force, Philippine Navy, West Philippine Sea

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.