The US State Department has approved a potential sale of up to 94 rounds of SM-2 Block IIIB standard missiles and associated equipment to the Republic of Korea (ROK).
The Defense Security Cooperation Agency has notified Congress of this possible foreign military sale, which is valued at around $313.9m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSubject to clearance from Congress, the sale will include 12 MK 97 MoD 0 guidance sections for SM-2 Block IIIB, training and training equipment, publication and technical data, as well as related logistics support.
In a statement, the DSCA said: “This proposed sale will support the foreign policy and national security objectives of the US by meeting the legitimate security and defence needs of one of the closest allies in the INDOPACOM Theatre.
“The Republic of Korea is one of the major political and economic powers in East Asia and the Western Pacific and a key partner of the US in ensuring peace and stability in that region.”
Seoul has requested the SM-2 Block IIIB weapon systems to supplement the ROK Navy’s existing inventory.
Alongside providing a defensive capability, the purchase will help increase the navy’s interoperability with the US and other allied forces.
Raytheon Missile Systems will serve as the prime contractor for the programme.
In July 2016, the US approved a sale of 17 SM-2 Block IIIB standard missiles and 17 SM-2 missile containers to South Korea.
SM-2 is a fleet-area air defence weapon that can provide anti-air anti-surface capabilities against anti-ship missiles and an aircraft.
The missile is used by the US Navy and the navies of allied countries fleet air defence and ship self-defence.