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| M-346 Master (Wiki Info) |
EARL VICTOR ROSERO
Italy's Alenia Aermacchi S.p.A. is offering the Department of National Defense four to six units of its €20-million apiece M-346 surface attack plane, the firm’s local partner, Aerotech Industries told GMA News Online.
Aerotech Industries chief operating officer Tess Parian said the P1.14 billion price tag on each M-346 “could still change depending on the requirements or specifications the Philippine Air Force may provide later.”
The four-to-six-unit package would cost about P4.58 billion to P6.87 billion at the current exchange rat of P57.28:€1.
Parian said their likely competitor for the supply contract is the Korea Aerospace Industries—maker of the T-50—which Alenia Aermacchi was up against in supply contract biddings in other countries.
Read the full story at GMA News