Philippines to buy Indian missile system for $375m
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. 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. It was conceptualised in 2017, but faced delays in budget allocation and due to the coronavirus pandemic. The new anti-ship system aims to deter foreign vessels from encroaching on the country's 200 nautical mile exclusive economic zone.
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