Philippine Navy to Stagger Into Eight Payment For 18 Billion Frigates
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Philippine Navy to Stagger Into Eight Payment For 18 Billion Frigates


When the Philippine Navy acquisition program of Two Brand new Frigates worth 18 Billion Pesos is awarded to the  winning and qualified bidder. The payment scheme are:

 

15 percent of the actual value of each of the following:

18 Billlion Brand new Frigates

 

10 Percent Each of the Following:

The brand new frigates  includes a capability to conduct air-to-air warfare (AAW), anti-surface warfare (ASuW), anti-submarine warfare (ASW), and electronic warfare (EW).
Source: http://www.pna.gov.ph/index.php?idn=1&sid&nid=1&rid=608399




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