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:RTN) 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).
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