SUBIC, Philippines -- Rising tensions with China are creating a business opportunity for Philippine officials looking to revive U.S. defense industry activity at the former American naval base in Subic Bay.
Aerospace & Defense Industries
China tensions boost defense industry at Philippines' Subic Bay
Private equity company Cerberus reviving shipyard at former U.S. naval base
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Cerberus Capital Management took over the bankrupt Hanjin shipyard at Subic Bay in 2022. (Photo courtesy of Subic Bay Metropolitan Authority)
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