Investments in Philippines depends on Defense Contracts – Naval Group

A Scorpene class Submarine, Illustration from Wikimedia Commons

The French Defense Company Naval Group that is offering their Scorpene class Submarines to the Philippine Navy (PN) said that their planned investments in the Philippines depends on the kind of Contracts they will be able to get from the Philippine Government. 

They also said that they are willing to provide long term financing with advantageous rates up to 100% of the cost of the Project. Aside from Submarines, they are also offering Surface Vessels to the PN which could also be built in the Philippines. 

SOURCE: French Naval Group says investment in PH hinges on Supply Contracts {Archived Link}

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