India and the Philippines have signed a USD 375 million deal for the sale of BrahMos supersonic anti-ship cruise missiles to the Philippines Navy, the government officials on Friday said.
The signing of the USD 375 million deal with the Philippines was witnessed by 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, Chief General Manager, Market Promotion and Export for BrahMos Aerospace, according to report published.
The BrahMos Aerospace Private Limited (BAPL) signed the contract with the Department of National Defence of the Philippines for the supply of shore-based anti-ship missile systems.
The BAPL is a joint venture company of the Defence Research and Development Organisation (DRDO).
According to the Ministry of Defence, the contract is a significant step forward in the Government of India’s policy of encouraging responsible defence exports.
The Philippines accepted BrahMos Aerospace Pvt Ltd’s offer to supply a shore-based anti-ship missile system acquisition project for its Navy earlier this month.
The procurement is projected to boost India’s strategic ties with the Philippines as the island nation is focused on ramping up its naval prowess due to simmering friction with China in the South China sea.
Earlier this month, on January 11, the Indian Navy and DRDO successfully tested the BrahMos Supersonic Cruise missile.
BrahMos is the primary weapon system used by Indian Navy warships and has been installed on nearly all of the Indian Navy’s surface platforms.
According to report, the missile travels at 2.8 Mach, or nearly three times the speed of sound.