Market
How will the Philippines' defense budget change in 2025?
3
Philippine military•Lockheed Martin•China•South China Sea•Philippines•Beijing•Philippine Army•Roy Galido•Typhon•Foreign Ministry•Mao Ning•Typhon missile
Resolution / Starting Odds
Increase by over 10% • 25%
Increase by 5-10% • 25%
No significant change • 25%
Decrease • 25%
Official budget reports from the Philippine government or credible financial news outlets.
Story
Philippines to Acquire Lockheed Martin's Typhon Missile System, Range 480 km, Amid China Tensions
Dec 23, 2024, 12:12 PM
The Philippine military has announced plans to acquire the U.S. Typhon missile system, developed by Lockheed Martin, to enhance its maritime defense capabilities, amid ongoing territorial disputes with China in the South China Sea. The system, which was deployed by the U.S. Army in the northern Philippines earlier this year for joint military exercises, has remained in the country despite criticism from Beijing. Philippine Army Chief Lieutenant-General Roy Galido stated that the acquisition is part of a strategy to protect the nation's sovereignty, with the feasibility and functionality of the Typhon system being key factors in the decision. The system enables the army to project force up to 200 nautical miles, which aligns with the Philippines' maritime entitlements. The move has been met with strong opposition from China, with Foreign Ministry spokesperson Mao Ning labeling it as a 'provocative and dangerous move' that could lead to an arms race in the region. China has urged the Philippines to withdraw the system, emphasizing the need for peace and prosperity over confrontation. The Typhon missile system has a range of 480 kilometers, though a longer-range version is in development.
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No change • 25%
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Increase by 5-10% • 25%
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Increase to 3% of GDP • 25%
Increase but less than 3% of GDP • 25%
Remain the same • 25%
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More than 15% • 25%
Less than 5% • 25%
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Less than 8.7 trillion yen • 25%
8.7 to 9.0 trillion yen • 25%
9.0 to 9.5 trillion yen • 25%
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Increase to 4-4.9% • 25%
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Yes • 50%
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Military Modernization • 25%