₱ 5B released for missile system, gunships

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MANILA, Philippines — The Philippines Budget Department has released nearly 5 billion pesos in seed funding for the military’s planned acquisition of a land-based anti-ship missile system and helicopter gunships .

On December 27, the Department of Budget Management (DBM) issued two Special Orders for the Release of Allowances (SARO), worth 1.3 billion pesos and 1.535 billion pesos, for the system. Philippine Navy land-based anti-ship missiles.

The ARM allows the Ministry of National Defense to finalize the contract.

A senior security official told Inquirer.net that an Award Notice (NOA), a written confirmation of the award of a contract to a successful project developer, is currently “in progress” for the system. missiles.

The Philippines was to acquire the BrahMos supersonic cruise missiles from India under a government-to-government agreement.

The Philippines and India signed an “implementation agreement” earlier this year for the potential purchase of BrahMos missiles and other Indian defense equipment.

The missile system, which can be used for coastal defense and ground attack, is said to increase the firepower of the Philippine military in the face of threats to its maritime territory, mainly stemming from Chinese aggression in the China Sea. southern.

A SARO worth 1.6 billion pesos was also issued by the DBM on December 27 to cover the initial financing of utility helicopter gunships for the Philippine Air Force.

Defense Secretary Delfin Lorenzana announced that DBM has approved funding for 32 additional Black Hawk combat helicopters worth 32 billion pesos and six offshore patrol vessels for the Philippine Navy valued at 30 billion pesos.

On Tuesday (December 28), Lorenzana signed a 28 billion peso contract with the South Korean company Heavy Hyundai Industries for two corvettes for the Philippine Navy.

BST

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