Manila: The Philippines Department of National Defence (DND) confirmed the acquisition of 12 FA-50 Block 70 light combat aircraft from Korea Aerospace Industries, Ltd. (KAI) of South Korea as part of the modernisation programme of the country's Armed Forces. According to Nam News Network, the contract, valued at over 700 million U.S. dollars, was formalised earlier this month with the issuance of a notice to proceed. The acquisition includes mission equipment, integrated logistics support, and a training and logistics information system.