11 July 2023 (Quezon City) – Secretary of National Defense (SND) Gilberto C. Teodoro Jr. and National Security Adviser Eduardo M. Año met a delegation from the US Business Executives for National Security (BENS), led by BENS President and CEO Gen. Joseph L. Votel, U.S. Army (Ret), and accompanied by U.S. Ambassador to the Philippines, H.E. MaryKay L. Carlson, to explore investment opportunities in support of common national security objectives.

During the meeting, both Philippine security officials welcomed US investments that align with the Philippines’ national security priorities and seek to foster an environment conducive to mutually beneficial collaborations.

Along this line, Secretary Teodoro underscored three priority areas for the defense sector, specifically the implementation of the Philippines’ Self-Reliant Defense Posture (SRDP) Program; reorganization of the Defense Department; and the creation of the Armed Forces of the Philippines (AFP) Retirement Trust Fund.
Secretary Teodoro emphasized the importance of partnerships with US investors to strengthen defense industries and develop advanced technologies, as well as contribute their expertise and collaborate with Philippine defense agencies to further enhance the overall defense capabilities of the Philippines.

The engagement between the Philippine security officials and BENS underscored the commitment to building strong partnerships and leveraging private-sector expertise to bolster the defense sector.

The meeting concluded with a shared commitment to continued dialogue and cooperation between the Philippines and the US, with the aim of advancing national security objectives and fostering a secure and prosperous future.