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November 11, 2014

China unveils new submarine-launched missile

China Aerospace Science and Industry (CASIC) has unveiled its new CM-708UNA submarine-launched cruise missile at the tenth China International Aviation and Aerospace Exhibition in Zhuhai.

China Aerospace Science and Industry (CASIC) has unveiled its new CM-708UNA submarine-launched cruise missile at the tenth China International Aviation and Aerospace Exhibition in Zhuhai.

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What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
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Designed for launch through a torpedo tube, the CM-708UNA is capable of being integrated with a range of submarines for targeting medium-to-large vessels and inshore targets.

"Powered by a turbo engine and solid rocket booster, the missile has a range of 128km."

It also integrates a strap-down inertial navigation system and satellite navigation for mid-course guidance, as well as a high-precision radar seeker and digital control for terminal homing.

Powered by a turbo engine and solid rocket booster, the missile has a range of 128km.

Submarines used by the Chinese Navy already integrate Ying Ji (C-801) submarine-launched anti-ship missiles, which offer a 42km range. They are also exported to Pakistan.

However, it is yet to be confirmed whether the CM-708UNA is a new missile or a redesigned version of the existing YJ family.

The event also involved the launch of the FK-3 surface-to-air missile (SAM) defence system, which offers an operational range of 50km to 100km, in addition to a short-range missile, the PL-9C surface-to-air system, offering a range between 400m and 8,000m.

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Free Report
img

What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
Download the full report so you can formulate winning strategies for the road ahead.
by GlobalData
Enter your details here to receive your free Report.

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