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Business/Financial

South Korea May Buy SM-2 Gear For $170 Million

DDN

Monday, June 1st, 2009

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South Korea may purchase Standard Missile (SM) gear through the Foreign Military Sale program, the Defense Security Cooperation Agency announced. It notified Congress of a possible sale to Korea of 46 SM-2 Block IIIA Tactical missiles, 35 SM-2 Block IIIB Tactical missiles, 3 SM-2 Block IIIB Telemetry Missiles, 84 SM-2 missile containers and associated test and support equipment, spare and repair parts, training, training equipment, publications and logistical support. That would total an estimated cost of $170 million. Raytheon Co.…

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