India, Philippines ink $375mn deal for BrahMos missiles
India’s BrahMos Aerospace Private Limited signed a contract with the Department of National Defence of the Republic of Philippines on Friday for the supply of Shore Based Anti-Ship Missile System to the Philippines, the ministry of defence said.
“The contract is an important step forward for the Government of India’s policy of promoting responsible defence exports,” the ministry added.
The Indian team of BrahMos Aerospace in India, led by BrahMos CEO Atul D Rane, Deputy CEO Sanjeev Joshi, Lt Col R Negi, and Praveen Pathak, was present at the signing of the deal.
These missiles are meant for the Philippines Navy.
Earlier this month, the Philippines accepted BAPL’s proposal worth USD 374.9 million to supply Shore-Based Anti-Ship Missile systems for the Philippines Navy.