In first BrahMos missile export order, Philippines approves $374-million contract

In first BrahMos missile export order, Philippines approves $374-million contract

Question: Who is current president of Philippines ?
a) Rodrigo Duterte
b) Scott Morrison
c) Justin Trudeau
d) None of these
Ans : a
Related Facts :

  • The Philippines confirmed on Friday ( january 14,2022) it will acquire three batteries of the BrahMos cruise missile jointly developed by India and Russia in a deal worth almost $375 million.
  • Philippine defence secretary Delfin Lorenzana said he had recently signed the “notice of award” – or the acceptance of India’s proposal for supplying the missile – for the Philippine Navy’s shore-based anti-ship missile acquisition project.
  • The deal for the BrahMos was conceptualised as early as 2017 .
  • The notice of award signed by Lorenzana on December 31 put the value of the BrahMos deal at $374.962 million.
  • According to the government, policy changes have resulted in defence exports increasing by more than 325% over the last five years.
  • India has set an ambitious target of achieving defence exports of $5 billion by 2024.
  • The country exported defence gear worth ₹8,434.84 crore during 2020-21.

By Pawan Mishra

Links :
https://www.hindustantimes.com/india-news/philippines-confirms-move-to-acquire-brahmos-cruise-missiles-in-375-mn-deal-101642173668935.html