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

Fed official calls July jobs report 'concerning' as economy hits potential turning point
Economy

Fed official calls July jobs report 'concerning' as economy hits potential turning point

August 10, 2025
Arizona city defeats massive data center project over water, energy concerns
Economy

Arizona city defeats massive data center project over water, energy concerns

August 9, 2025
Young Americans drowning in credit card debt as delinquency rates climb near 10% in Q2
Economy

Young Americans drowning in credit card debt as delinquency rates climb near 10% in Q2

August 8, 2025
Trump reportedly plans order to open 401(k)s to private markets: What it means for your retirement
Economy

Trump reportedly plans order to open 401(k)s to private markets: What it means for your retirement

August 6, 2025
Labor Secretary says H-2A visa program improvements will benefit farmers without displacing American workers
Economy

Labor Secretary says H-2A visa program improvements will benefit farmers without displacing American workers

August 5, 2025
Timeline of California's yearslong and 'disastrously overpriced' high-speed rail project
Economy

Timeline of California's yearslong and 'disastrously overpriced' high-speed rail project

August 4, 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

  • Fed official calls July jobs report 'concerning' as economy hits potential turning point
  • 'Buy now, pay later' services are dangerous trap for young Americans, financial expert warns
  • Arizona city defeats massive data center project over water, energy concerns

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.