PH buying two frigates; ammo price at P2.5-B

The defense department will spend P2.5 billion for the ammunition of the two frigates it will acquire for the Philippine Navy.

Defense Assistant Secretary Patrick Velez said security officials have decided to separate the purchase of ammunition from the frigate acquisition project, citing international arms restrictions.

“There will be two (projects). The acquisition of armaments will be treated as a separate project,” Velez told The STAR in a recent interview.

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