Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

US approves $650 million missile sale to South Korea

News Room by News Room
November 18, 2023
Reading Time: 2 mins read
0
Singapore hopes for substantial IPEF progress by APEC

WASHINGTON – The United States State Department has approved a potential military sale to the Republic of Korea, estimated at $650 million. This strategic deal includes 38 SM-6 Block I missiles along with a suite of supporting equipment and services. The Defense Security Cooperation Agency notified Congress of the proposed sale today, which aims to bolster South Korea’s defense capabilities without affecting U.S. defense readiness.

The comprehensive package features:

  • MK 21 Vertical Launch System (VLS) canisters
  • Engineering and Technical (EI&T) materials
  • Handling equipment
  • Spare parts
  • Training aids and technical documentation

Additionally, this agreement encompasses U.S. Government and contractor engineering support, product backing, and materials necessary for live fire demonstration and interoperability events. Raytheon (NYSE:) Missiles and Defense, based in Tucson, Arizona, has been named as the principal contractor for the deal. There are currently no known offset agreements in place.

The implementation of this sale will require temporary visits by U.S. personnel to South Korea to provide technical oversight and training. However, it is anticipated that the Korean armed forces will integrate these new capabilities smoothly into their existing military infrastructure.

This sale is aligned with U.S. foreign policy goals and national security objectives, particularly with regard to promoting political stability and economic progress within the Indo-Pacific region. While the potential value of the sale stands at $650 million, the actual cost may vary depending on final requirements, available budget authority, and the conclusion of signed sales agreement(s).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

ShareTweetSendSend

Related Posts

Small businesses report record monthly surge in price increases as inflation pressure mounts
Economy

Small businesses report record monthly surge in price increases as inflation pressure mounts

December 25, 2025
GoFundMe increasingly being used to fundraise for basic economic needs like food, housing
Economy

GoFundMe increasingly being used to fundraise for basic economic needs like food, housing

December 24, 2025
Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation
Economy

Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation

December 23, 2025
Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026
Economy

Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026

December 22, 2025
Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform
Economy

Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform

December 21, 2025
‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown
Economy

‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown

December 20, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Mortgage rates fall ahead of Christmas holiday
  • Small businesses report record monthly surge in price increases as inflation pressure mounts
  • Treasury Department announces expanded HSA tax benefits under Trump law

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.