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Saturday, February 22, 2014

Deal to buy 12 fighters jets from South Korea reached

FA 50 Golden EagleThe Philippines said Friday a deal has been reached to buy 12 fighter jets worth P18.9 billion ($415.7 million) from South Korea as the country struggles to modernize its military.

“We did not only inch closer, we are almost there,” Undersecretary Fernando Manalo, chairman of Bids and Awards Committee, told reporters in Camp Aguinaldo Friday after Manila and Seoul reached a conclusion on the negotiations for the acquisition of 12 FA 50 lead-in fighter jets.

“We are considering it [FA-50 lead-in fighter jets] as not just an ordinary lead-in fighter because it can deliver short range missile and there is a potential for these to be classified as beyond the short range fighter aircraft,” Manalo said.

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