Philippines to acquire missile system from India for $375 mln

Philippines to acquire missile system from India for $375 mln

Philippines to acquire missile system from India for $375 mln MANILA, Jan 15 (Reuters) - The Philippines has finalised a deal to acquire a shore-based anti-ship missile system from India for nearly $375 million to beef up its navy, the Southeast Asian nation's defence minister said. The Philippines is in the late stages of a five-year, 300 billion pesos ($5.85 billion) project to modernise its military's outdated hardware that includes warships from World War Two and helicopters used by the United States in the Vietnam War. Under the deal negotiated with the government of India, Brahmos Aerospace Private Ltd will deliver three batteries, train operators and maintainers, and provide logistics support, Defence Secretary Delfin Lorenzana said in a Facebook post late on Friday. Register now for FREE unlimited access to …
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