https://sputnikglobe.com/20240829/philippines-plans-to-procure-40-modern-multi-role-fighter-jets-1119953844.html
Philippines Plans to Procure 40 Modern Multi-Role Fighter Jets
Philippines Plans to Procure 40 Modern Multi-Role Fighter Jets
Sputnik International
The Philippines is planning to procure 40 modern multi-role fighter jets to strengthen its territorial defense capabilities, Defense Minister Gilbert Teodoro said during a budget hearing on Thursday.
2024-08-29T19:50+0000
2024-08-29T19:50+0000
2024-08-29T19:50+0000
asia
us
military & intelligence
antony blinken
philippines
manila
fighter jets
https://cdn1.img.sputnikglobe.com/img/07e6/0a/05/1101521442_0:161:3071:1888_1920x0_80_0_0_027b6920331a180cdd05f7a9b048fe55.jpg
"Just to get, for example, multi-role fighters, one dozen of those will not make any difference at all. So, the minimum for us will be 36 aircraft, which only a squadron and a half. But that would be credible. Plus four in reserve because 80 percent in service rate is a good standard," Teodoro said, as quoted by GMA News. Philippine government is exploring the option of syndicated loans from private banks. Teodoro has already held consultations with the Bankers Association of the Philippines, the Central Bank, and the Department of Finance to obtain the necessary approvals for long-term tenders. He also urged lawmakers to draft legislation to remove existing financial restrictions on defense acquisitions.In July, US Secretary of State Antony Blinken announced that the US would provide $500 million in financial assistance to enhance the Philippines' defense capabilities. Additionally, Defense Secretary Lloyd Austin mentioned plans to more than double investments under the Enhanced Defense Cooperation Agreement (EDCA), with $128 million allocated this year for key infrastructure projects in the Philippines.In February 2023, Manila designated four additional military bases for US forces under the 2014 EDCA, bringing the total number to nine. These bases are strategically positioned, with many located near the contested waters of the South China Sea and Taiwan.
https://sputnikglobe.com/20240829/pentagon-slaps-lockheed-with-5mln-per-f-35-withheld-until-upgrades-work---reports-1119953332.html
philippines
manila
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
defense minister gilbert teodoro, philippines, us selling fighter jets, fighter jets sales
defense minister gilbert teodoro, philippines, us selling fighter jets, fighter jets sales
Philippines Plans to Procure 40 Modern Multi-Role Fighter Jets
MOSCOW (Sputnik) - The Philippines is planning to procure 40 modern multi-role fighter jets to strengthen its territorial defense capabilities, Defense Minister Gilbert Teodoro said during a budget hearing on Thursday.
"Just to get, for example, multi-role fighters, one dozen of those will not make any difference at all. So, the minimum for us will be 36 aircraft, which only a squadron and a half. But that would be credible. Plus four in reserve because 80 percent in service rate is a good standard," Teodoro said, as quoted by GMA News.
The minister emphasized the need for "faster and more lethal" jets compared to the South Korean FA-50s currently in service with the Philippine air force. The procurement plan seeks financing schemes that allow payments to be spread out over several years.
Philippine government is exploring the option of syndicated loans from private banks. Teodoro has already held consultations with the Bankers Association of the Philippines, the Central Bank, and the Department of Finance to obtain the necessary approvals for long-term tenders. He also urged lawmakers to draft legislation to remove existing financial restrictions on defense acquisitions.
In July, US Secretary of State Antony Blinken announced that the US
would provide $500 million in financial assistance to enhance the Philippines' defense capabilities. Additionally, Defense Secretary Lloyd Austin mentioned plans to more than double investments under the Enhanced Defense Cooperation Agreement (EDCA), with $128 million allocated this year for key infrastructure projects in the Philippines.
In February 2023, Manila designated four additional military bases for US forces under the 2014 EDCA, bringing the total number to nine. These bases are strategically positioned, with many located near the contested waters of the South China Sea and Taiwan.
