PAL Aerospace and De Havilland Aircraft of Canada Limited (“De Havilland Canada”) on February 25 announced the establishment of a Memorandum of Understanding (“MOU”) to jointly pursue the development of a fully missionized Dash 8-400 aircraft, called the “Dash 8 P-4” for maritime patrol (“MPA”), intelligence, surveillance and reconnaissance (“ISR”), as well as other applications. Modified with auxiliary fuel tanks, the Dash 8 P-4 will have superior range, endurance, and time-on-station.