Share this article

The Philippine Navy will be upgraded through the induction of newer and faster boats to guard the country’s maritime resources and oil exploration areas in disputed territories, President Benigno Aquino has said.

Aquino said a contract for three small, fast coastal patrol boats will be awarded this week for the under-equipped navy.

The new boats will be used to patrol the country’s maritime borders with Indonesia and Malaysia and will help counter poachers, pirates, smugglers and militants.

The Philippine Government is planning to raise funds to replace its Vietnam-era warships, aircraft and other combat support equipment by leasing military property to private investors.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

The navy is currently using Vietnam-era US-made transport and gunboats and second-hand UK frigates, according to Reuters.