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Tuesday, July 29, 2014

Another milestone for F/A-50 program reached

F/A-50 Golden EagleAnother milestone has been reached in the Philippine government efforts to acquire the South Korean made F/A-50 “Fighting Eagle” jet aircraft.

This was after Department of National Defense (DND) Undersecretary for Finance, Modernization, Installation and Munitions Fernando Manalo disclosed on Monday that the Letter of Credit (LOC) for the aircraft has been finally opened by the supplier.

“The LOC has been finally opened. We have also given the 15 percent payment requested by the contractor,” he said in Filipino.

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2 comments:

  1. Vivek30/7/14 10:52

    You might want to check the image on the post ... it's not a F/A-50 but an LCA/Tejas.

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