Since its establishment in 1991, the company has sold P7-B worth of maritime vessels to the government, including landing craft utility ships for the Navy, high speed tactical watercraft boats for the Philippine National Police, and aluminum rescue boats for the Philippine Coast Guard. "We are definitely interested and we look forward to, if given the opportunity in the future." "The Navy, the government, is an important partner of ours, an important client," Propmech Director Glenn Tong told defense reporters during a virtual conference on Friday. Propmech Corporation, a Manila-based boatbuilder and engine repair company said it is "absolutely 100%" sure it wants to work with the government to develop larger naval assets that could be deployed to the country's territorial waters for long-haul patrol and security. But it admits the ambitious plan could not be carried out without challenges. Metro Manila (CNN Philippines, January 15) - As the Philippine Navy eyes foreign shipbuilders to acquire additional multi-mission vessels, including warships and submarines, as part of its long-term modernization program, a local company wants to get a share of the country's defense spending on maritime assets.
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