Philippines buys 12 FA-50 light combat aircraft from S. Korea; purchase part of ambitious defence modernisation programme

MANILA (Xinhua): The Philippines' Department of National Defense (DND) Saturday confirmed the acquisition of 12 FA-50 Block 70 light combat aircraft from Korea Aerospace Industries, Ltd. (KAI) of South Korea as part of the modernization program of the country's Armed Forces.

The contract, worth over US$700 million, was formalised earlier this month with the issuance of a notice to proceed.