ManilaBoy45
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Philippines Nears $443 Million Deal for South Korea Fighter Jets
By Daniel Ten Kate and Norman P. Aquino on January 30, 2013
Philippines Nears $443 Million Deal for South Korea Fighter Jets - Businessweek
The Philippines is close to reaching an 18 billion peso ($443 million) deal to purchase 12 fighter jets from South Korea as it moves to bolster its defenses amid tensions with China over disputed territory.
Defense Assistant Secretary Patrick Velez today said the government intends to finalize a contract with Korea Aerospace Industries Ltd. (047810) by the end of February and two could be delivered in the next six months.
The jets will be used for training , reconneisance and fending off enemy forces, Lacierda said. The Philippines may also seek bids for the supply of an unspecified number of naval warships by April, Velez said.
2 F/A-50 Aircraft (Front) 3 S-211 Aircraft (Back)
By Daniel Ten Kate and Norman P. Aquino on January 30, 2013
Philippines Nears $443 Million Deal for South Korea Fighter Jets - Businessweek
The Philippines is close to reaching an 18 billion peso ($443 million) deal to purchase 12 fighter jets from South Korea as it moves to bolster its defenses amid tensions with China over disputed territory.
Defense Assistant Secretary Patrick Velez today said the government intends to finalize a contract with Korea Aerospace Industries Ltd. (047810) by the end of February and two could be delivered in the next six months.
The jets will be used for training , reconneisance and fending off enemy forces, Lacierda said. The Philippines may also seek bids for the supply of an unspecified number of naval warships by April, Velez said.
2 F/A-50 Aircraft (Front) 3 S-211 Aircraft (Back)