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BrahMos missile deal worth USD 374 million inked with Philippines
A deal worth USD 374 million has been inked between the BrahMos Aerospace Pvt Ltd and the Phillipines. The deal is for the shore based anti-ship variant supersonic cruise missiles. This is the first time India has a deal for exporting a missile which has been made in India under an Indo-Russian Joint Venture. The negotiations of exporting BrahMos Missile to one of the Asean countries had been going on for a while. The negotiations with Vietnam which started back in 2016, are also in an advanced stage. That could be another country in the region to import BrahMos missiles
India to export BrahMos missile to Philippines
India and the Philippines are expected to sign a $374.9 million deal in the last week of January 2022 for the supply of ‘Brahmos Shore-based Supersonic Cruise Missile System’. The deal will be signed as part of the Philippines’ plan to bolster its defense amid a regional conflict with China. The deal will cover an unspecified number of missiles and launchers, payment schedules, spare parts and delivery and training programs. Earlier, the National Defense Department of the Philippines published a ‘Notice of Award’ asking BrahMos to sign the contract. This means that the Philippines has accepted the Indian offer and
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