IHS Jane’s reports that the Philippines Army has purchased 63,000 Remington R4 carbines with $53 million.

The Philippine Army (PA) has confirmed the acquisition of 63,000 Remington Defense R4 5.56 mm carbines in a deal worth PHP2.4 billion (USD53 million).

PA spokesperson Lieutenant Colonel Noel Detoyato announced on 18 March 2014 that the R4 carbines – which were procured to replace the army’s ageing M16A1 assault rifles – will be delivered and assigned to its troops in several tranches by the end of the year.

Thanks to Albi for the tip.