Manila, July 11 -- rmed corvettes, which were planned to backstop the two brand-new frigates acquired from Hyundai Heavy Industries (HHI), will likely be pushed to Horizon 3 of the Revised Armed Forces of the Philippines Modernization Program (RAFPMP), Defense Secretary Delfin Lorenzana said on Saturday.
"The acquisition of the corvette(s) is still being considered albeit on a later date after our economy recovers from this (coronavirus disease 2019) pandemic," Lorenzana said in a message to the Philippine News Agency when sought for updates on the Philippine Navy's Corvette Acquisition Program (CAP).
The CAP, which has a budget of PHP30 billion, is envisioned as more heavily-armed and capable than the two Jose Rizal-class missile frigate...