Sample Page Title

Must read




The Philippines has given a $374-million contract to Aerospace to supply shore-based anti-ship missiles for the country’s navy, military sources said.


Aerospace, an India-Russian joint venture, produces the supersonic cruise missile ‘BrahMos’ that can be launched from submarines, ships, aircraft, or from land platforms.


The company had proposed to the Philippines government for supply of shore-based anti-ship missiles for the country’s navy, sources mentioned.


Its proposal worth $374 million was accepted last month by the government, they added.


India has already deployed a sizable number of the missiles and other key assets in several strategic locations along the Line of Actual Control with China in Ladakh and Arunachal Pradesh.


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Philippines is in the late stages of a five-year, 300 billion pesos ($5.85 billion) project to modernise its military’s outdated hardware that includes warships from World War Two and helicopters used by the United States in the Vietnam War.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.




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.




In 2018, the Philippines bought Israeli-made Spike ER missiles, its first-ever ship-borne missile systems for maritime deterrence.




Despite friendlier ties between China and the Philippines under President Rodrigo Duterte, Beijing has remained adamant in claiming large portions of the South China Sea, a conduit for goods in excess of $3.4 trillion every year. Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have lodged competing claims.




A 2016 international arbitration ruling, however, said the Chinese claims had no legal basis.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Trendy Voice Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

close
Trendy Voice

Hi!
It’s nice to meet you.

Sign up to receive awesome content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article