Mar 29, 2014
Philippines inks contract for 12 KAI T-50 and 8 Bell 412 EP
Philippines inked contract for 12 KAI T-50 Golden Trainer Fighter jets and 8 Bell 412 EP combat utility helicopters from Canada.
The acquisition of the F-50s is the most upscale military modernization project that the Philippine government has sealed.
The first two of the FA-50 will be delivered after 18 months of the opening letter of credit. The next two will be after 12 months of the first delivery. The remaining eight will be delivered in staggered basis after two months until 2017.
The new Bell 412 EP will be delivered from August 2015.