Philippines Pursues Modernisation with New Multi-Role Fighters

The Philippines is in the process of procuring 40 new multi-role fighter aircraft to enhance territorial defense. The government seeks financing options and has approved a $33.64 billion plan for military upgrades. Defence Secretary Gilberto Teodoro announced the move during a congressional budget hearing.

The Philippines has initiated the process to acquire 40 new multi-role fighter aircraft aimed at bolstering its territorial defense, according to Defence Secretary Gilberto Teodoro.

During a congressional budget hearing, Teodoro highlighted the need for bidders to submit financing packages with spread-out payments but did not specify the models or potential bidders involved.

The Philippines, which seeks to modernise its military in collaboration with the United States, plans to fund its programme through reasonable financing schemes, including syndicated loans, as part of the $33.64 billion Re-Horizon 3 plan approved by President Ferdinand Marcos Jr.

(With inputs from agencies.)