Deal to buy 12 fighters jets from South Korea reached

The Philippines said Friday a deal has been reached to buy 12 fighter jets worth P18.9 billion ($415.7 million) from South Korea as the country struggles to modernize its military. “We did not only inch closer, we are almost there,” Undersecretary Fernando Manalo, chairman of Bids and Awards Committee, told reporters in Camp Aguinaldo Friday after Manila and Seoul reached a conclusion on the negotiations for the acquisition of 12 FA 50 lead-in fighter jets.

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