The new anti-ship system to be acquired from India aims to deter foreign vessels from encroaching on the Philippines' 200-nautical-mile (370km) exclusive economic zone [File: Adnan Abidi/Reuters]
Reuters: Philippines to acquire missile system from India for $375 million
MANILA (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Philippines is in the late stages of a five-year, 300 billion pesos ($5.85 billion) project to modernise its military's outdated hardware that includes warships from World War Two and helicopters used by the United States in the Vietnam War.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.
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WNU Editor: The Philippines will be needing a lot of missiles .... China has built the world's largest navy. Now what's Beijing going to do with it? (CNN).
Philippines To Acquire Anti-Ship Missile System From India
PH agrees to buy anti-ship missile system from India for nearly $375M -- CNN
India Sells Antiship Missiles to the Philippines as Concern Over China Grows -- WSJ
Philippines agrees to buy India anti-ship missile system -- AFP
Philippines Becomes First Foreign Buyer of Indo-Russian BrahMos Anti-Ship Missile -- Sputnik
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