Philippines has become the first foreign country to place an order for the purchase of the BrahMos Shore-Based cruise Missile System for its navy. This agreement will give a big boost to India’s defence manufacturing system. The estimated deal cost is worth $374,9 million. The BrahMos Aerospace Pvt Ltd will supply the missile, under the Shore-Based Anti-Ship Missile System Acquisition Project, for Philippine Navy.
Important takeaways for all competitive exams:
- Philippines Capital: Manila;
- Philippines Currency: Philippine peso;
- Philippines President: Rodrigo Duterte.