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| AW159 Wildcat (File Photo) |
THE Department of National Defense (DND) announced on Monday that it has allocated P5.4 billion to fund the acquisition of two brand-new anti-submarine warfare (ASW) helicopters for the Philippine Navy.
This was confirmed by DND undersecretary for finance, modernization, installations, and munitions Fernando Manalo in a message to the Philippine News Agency.
"The ASW helicopters is one of the projects included in the list of the AFP (Armed Forces of the Philippines) Modernization Program. The project is for implementation," he added.
Manalo said the budget for acquiring the two ASW helicopters is placed at P5.4 billion and the acquisition process for the aircraft is expected to be completed by this year.
The Philippine Navy earlier announced that it is looking at the possibility of acquiring the AW-159 "Wildcat" as its ASW helicopters.
Read the full story at SunStar