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June 28, 2017

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Philippines signs contract to buy 12 new fighter jets

MANILA -- The Philippines on Friday signed contracts worth US$527 million to buy 12 fighter jets from South Korea and four combat utility helicopters from Canada to boost the capability of its air force, one of the weakest in Southeast Asia.

Armed forces chief of staff Gen. Emmanuel Bautista signed a contract with Korean Aerospace Industries for 12 FA-50 fighters worth 18.9 billion pesos (US$420.4 million) and another with Canadian Commercial Corp. for four Bell 412 combat utility helicopters worth 4.8 billion pesos (US$106.8 million). Deliveries will start next year.

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