On October 8, 2024, President Ferdinand R. Marcos Jr. signed Republic Act (RA) No. 12024, the Self-Reliant Defense Posture (SRDP) Revitalization Act. This legislation aims to reduce the Philippines’ dependence on foreign defense supplies by fostering local production and innovation, addressing the country's unique security challenges amidst rising geopolitical tensions.
Reducing Dependence on Foreign Suppliers
In his speech, President Marcos emphasized that for decades, the country’s defense capabilities have been limited by reliance on foreign suppliers. “Every purchase, every negotiation, and every partnership—although necessary—reminded us that our strength depended on the supply chains and the interests of other parties,” Marcos said. The new law is seen as a critical step toward developing a more self-sufficient defense system by encouraging local enterprises to take the lead in military production and innovation.
This shift toward self-reliance echoes a vision that was first pursued by Marcos Jr.’s father, the late President Ferdinand E. Marcos Sr. In the early years of his administration, Marcos Sr. spearheaded the development of the ‘Bongbong Rocket’, a project aimed at creating indigenous defense capabilities using local materials. The rocket was conceived as part of an effort to reduce the Philippines' reliance on imported military equipment. The ‘Bongbong Rocket’ was tested during his presidency but was later overshadowed by the events leading to martial law. Today, the revival of such initiatives, with modernized approaches, aligns with the goals of RA 12024.
Under RA 12024, priority will be given to locally owned companies in the development, maintenance, and operation of defense systems. The law also offers fiscal incentives, including tax breaks and government-backed financing, to attract investments and foster the growth of the defense sector.
Economic Growth and Industry Innovation
Beyond national security, the SRDP Act aims to stimulate economic growth. Senators Jinggoy Estrada and Juan Miguel Zubiri highlighted that the defense manufacturing industry will create jobs, attract investments, and boost revenue. By encouraging both local and international firms to set up production facilities in the Philippines, the law is expected to strengthen the local economy and promote technological advancement.
The law also promotes collaboration between the government, private sector, and research institutions to develop cutting-edge technologies, including cybersecurity tools and advanced military systems.
