Supply Chain Council of European Union | Scceu.org
Procurement

PH suspends missile procurement due to lack funds

The government is putting on hold plans to purchase the country’s first cruise missile system from an Indian-Russian joint venture.

This was supposed to be part of the military’s long-term modernization program to boost the country’s defense capabilities.

the reason?

Depleted funds due to the Covid-19 pandemic.

Our senior correspondent David Santos has more.

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