PH Navy Allocates PHP218 Million for Warship Ammunition Acquisition
Manila: The Philippine Navy (PN) has earmarked a budget of PHP218 million for the acquisition of 1,900 rounds of 76mm caliber 62 high explosive detonating point (HEPD) ammunition, intended to enhance the firepower of its modern warships. According to Philippines News Agency, the bid bulletin posted on the PN website outlines a total project budget of PHP218,842,103.30. The procurement process mandates that the successful bidder must deliver the specified ammunition within 400 calendar days following the issuance of the Notice to Proceed. Funding for the project is allocated from the General Appropriations Act 2025, specifically under the PN Appropriation Funds