Secretary of National Defense, Voltaire Gazmin, announced the following during the 65th Anniversary of the Philippine Air Force
I am happy to let you know that thru our Defense System of Management, the upgrade and modernization program for our armed forces is presently in full swing. This limited only by the maximum amount of financial resources that our government can afford to allocate.
Your defense department is now working speedily on the approval of the contracts for the 138 upgrade and modernization projects of our armed forces, to be implemented over the next five years.
The deadline that we have set for ourselves for the approval of all these contracts is on July 31, 2012.
This month promises to be a significant milestone in the AFP modernization program.