MANILA -- The U.S. announced on Tuesday an investment of $500 million to finance the Philippines' ongoing defense upgrade program, supporting in part efforts to counter China's maritime aggression in the South China Sea.
Defense
U.S. to boost Philippine defense capability with $500m investment
Hopes for bilateral intelligence-sharing agreement to be finalized by end of 2024
Left to right: U.S. Secretary of Defense Lloyd Austin, U.S. Secretary of State Antony Blinken, Philippine Foreign Minister Enrique Manalo, and Philippine Defence Minister Gilberto Teodoro pose for a photo after their joint press conference at Camp Aguinaldo, in Quezon City, Metro Manila on July 30.
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