Manila, Aug. 28 -- The Department of National Defense (DND) on Friday announced that it has signed the contract agreement and notice to proceed with a Japanese firm for the Philippine Air Force (PAF)'s Horizon 2 Air Surveillance Radar System (ASRS) acquisition project.

In a statement, the DND said the contract was signed by Secretary Delfin Lorenzana last August 14.

The project, which has an approved budget for the contract of PHP5.5 billion was awarded to Mitsubishi Electric Corporation (MELCO) with a total contract price of USD103,500,000. The ASRS is under a negotiated government-to-government procurement with Japan.

"This cooperation signifies Japan's first time to export Japanese-made defense equipment under a restructured governmen...