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The Armed Forces of the Philippines (AFP) Modernization Act, [1] officially designated as Republic Act No. 7898, [1] was a Philippine law that was enacted on February 23, 1995, by President Fidel V. Ramos.
Frigates made by South Korea's Hyundai Heavy Industries based on the shipbuilder's HDF-2600 design, acquired under the Horizon 1 phase of the Revised AFP Modernization Program. The first ship BRP Jose Rizal was delivered in May 2020 while the BRP Antonio Luna arrived on March 21, 2021.
On February 23, 1995, Republic Act 7898, otherwise known as the AFP Modernization Act, was enacted. [7] Republic Act 7898 likewise provides for the modernization of the Government Arsenal for the development of production capabilities to enhance self-sufficiency in defense requirements.
The Philippine Army has embarked on a 3-phase modernization program starting from 2013 to 2028 under the Revised AFP Modernization Program (RAFPMP) covered by Republic Act 10349, while still completing a previous modernization program spanning from 1995 to 2012 under the AFP Modernization Program (AFPMP) covered by Republic Act 7898. [155]
The HDP-2200 Future Offshore Patrol Vessel is a class of six (6) offshore patrol vessels designed and built by Hyundai Heavy Industries (HHI) for the Philippine Navy.. The Philippine Navy is expecting the delivery of six new offshore patrol vessels acquired under its Offshore Patrol Vessel Acquisition Project under the Revised AFP Modernization Program's Horizon 2 phase covering years 2018 to ...
The Philippine Navy's new 124-meter Landing Platform Dock is a class of two ships being constructed by PT PAL Indonesia for the navy's Landing Dock Acquisition Project. The class is an improvement on the previously commissioned Tarlac-class which was also constructed by PT PAL. The ships are being acquired as part of Horizon 2 of the Revised ...
The following tables list the largest mergers and acquisitions by decade of transaction. Transaction values are given in the US dollar value for the year of the merger, adjusted for inflation. As of February 2024 [update] , the largest ever acquisition was the 1999 takeover of Mannesmann by Vodafone Airtouch plc at $183 billion ($334.7 billion ...
Military acquisition or defense acquisition is the "bureaucratic management and procurement process", [1] dealing with a nation's investments in the technologies, programs, and product support necessary to achieve its national security strategy and support its armed forces. Its objective is to acquire products that satisfy specified needs and ...