Friday, January 24, 2014
When the Philippine Navy acquisition program of Two Brand new Frigates worth 18 Billion Pesos is awarded to the  winning and qualified bidder. The payment scheme are:


15 percent of the actual value of each of the following:

  • during the awarding of the contract
  • upon finalization of the contract
  • installation of engines, weapons, communications, sensor systems, and auxiliary machinery
  • during the acceptance trials
18 Billlion Brand new Frigates


10 Percent Each of the Following:

  • for the laying of the keel of the ships
  • upon delivery of the frigates to the Philippines
  • for the construction of the vessel
  • upon completion of the warranty period
The brand new frigates  includes a capability to conduct air-to-air warfare (AAW), anti-surface warfare (ASuW), anti-submarine warfare (ASW), and electronic warfare (EW).


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