India is all set to ink the first-ever export deal with the Philippines for the indigenously-designed and manufactured BrahMos supersonic missile. The Government-to-Government deal is worth over $375 million.

This is the first major export of sophisticated weapon systems by India to any country. India is aggressively pursuing the target of exporting weapon systems worth over $5 billion by 2025 and turn the country into an attractive manufacturing hub for Defence systems.

The BrahMos Aerospace, the first joint venture between India and Russia to manufacture high-end missile system, recently submitted its price list to the Philippines which has accepted it, sources said here on Friday. The two sides will shortly ink the deal totaling $375 million, they said adding that the contract is for the shore-based anti-ship missile system for the Philippine Navy.  India had recently offered a $100-million line of credit to the Philippines for Defence purchases.

The Philippines Government recently allocated 2.8 billion pesos ($55.5 million) for initial funding for the BrahMos cruise missile.

The Philippines selected the Indian missile system after tough negotiations and extensive trials, officials said adding a team from the Philippine Navy visited the production unit of BrahMos Aerospace in Hyderabad some months ago as part of the acquisition process. The BrahMos Integration Complex in Hyderabad undertakes integration of mechanical systems and assembling electronic systems. Various sub-systems fabricated in other centres in India and Russia are integrated and checked at this complex.