New Delhi : In a major success for the government's plans to increase defence exports, the Philippines has accepted Indian BrahMos Aerospace Private Limited's proposal worth USD 374.9 million to supply Shore-Based Anti-Ship Missile systems for the Philippines Navy. "The Notice of Award has been communicated to BrahMos officials by the Philippines Department of National Defense accepting the proposal worth around USD 375 million," government officials said here.
The Philippines government's Department of Defence has also uploaded the contract award notice on its website.
Defence Research Development Organisation and BrahMos Aerospace together have been pushing hard for exports of this missile to friendly foreign countries for the last few months.
The Indian government's defence export push is coming from the DRDO stable as it bagged orders for a 'made-in-India' weapon locating radars from the Armenian government recently.
The BrahMos export order would be the biggest for the country in this field and is likely to propel India amongst the arms exporter countries as more orders for the missile are expected from other friendly countries too.