Philippines – Italian firm bags P3-B PAF helicopter deal

An Anglo-Italian company has won the bidding to supply eight attack helicopters worth P3.44 billion for the Philippine Air Force (PAF).

philippines

The Philippine STAR learned that a notice of award was issued to aircraft manufacturer AgustaWestland late last month. Defense Undersecretary Fernando Manalo confirmed the report, saying the helicopters may be delivered next year if the budget is released soon.“If the DBM (Department of Budget and Management) releases the cash allocation, the letter of credit could be opened immediately and the helicopters could be delivered before the end of December next year,” Manalo said.

A letter of credit is a document that assures the winning bidder or supplier that the government will honor its financial obligations.

In its website, AgustaWestland described 109 Power helicopters as “versatile aircraft that offers the highest level of benefits for commercial, government and military markets.”

“The Power’s flexibility allows it to perform executive transport with stylish elegance, offshore and emergency medical services or conduct surveillance and patrol missions for police forces,” the description read.

AgustaWestland, the lone bidder for the project, offered to supply the eight helicopters for P3,441,415,000.

A financial bid, however, could be accepted as long as it falls within the budget.The bid is just P45,000 lower than the P3,441,460,000 approved budget for the helicopters.

The helicopters should be delivered within 540 calendar days from the opening of the letter of credit.

 

Original article: http://www.philstar.com

RELATED ITEMS

Leave a Reply

Your email address will not be published. Required fields are marked *

*